Valid Bid definition
Valid Bid means a bid that is responsive to the bidding documents and is submitted by a qualified responsible bidder. The validity of the bid is determined by the Agency and the construction management entity.
Valid Bid means a Bid which has been submitted in accordance with the requirements of the invitation to submit a Bid and complies with all material requirements set out in the Bid Specifications for the Bid Concerned;
Valid Bid means the latest Bid of a Participant submitted by one of its Bidder(s) for a Round, which has been validated by the Storage Operator as provided for in attachment C2 of the ACS.
Examples of Valid Bid in a sentence
No party may withdraw or amend a Valid Bid submitted in the Auction after its receipt by the Agent.
More Definitions of Valid Bid
Valid Bid means a responsive offer in full compliance with the bid specifications and conditions by a responsible person or firm.