Competitive bidding definition

Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;

Competitive bidding means the following multistep process.

Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract and includes both national competitive bidding and international competitive bidding;

Examples of Competitive bidding in a sentence

Competitive bidding procedures must be used if the projected costs for products or services (items of a similar nature) exceed $10,000.
Competitive bidding generally has reduced the price utilities pay independent power producers, which, in turn, reduces the profitability of many independent power projects.
PART 2 PURCHASING 8A.311 Competitive bidding — preferences — reciprocal application — direct purchasing.
The report will contain a narrative, where appropriate, relative to changes from the prior fiscal year in scope of services or goods provided, including, for example, assumption of additional product lines, expanded service capabilities and any other pertinent information that may have an effect upon increased volume for a particular individual or firm.8.9(6) Competitive bidding.
Competitive bidding rules applicable to individual services will specify the designated entities eli- gible for bidding credits, the licenses for which bidding credits are available, the amounts of bidding credits and other procedures.(2) Size of bidding credits.

Competitive bidding. – means competitive bidding process as envisaged by the SCM Regulations; or competitive bidding process.

Competitive bidding means a procedure leading to the award of a contract whereby all the interested persons, firms, companies or organizations may bid for the contract;

Competitive bidding. ’ means a procurement process under which the Secretary or a State agency selects a single source (a single infant formula manufacturer) offering the low- est price, as determined by the submission of sealed bids, for a product for which bids are sought for use in the program au- thorized by this section.

Competitive bidding. – means competitive bidding process as envisaged by the SCM Paragraphs;

Competitive bidding means the submission of prices by a business competing for a contract to provide supplies, materials, equipment or contractual services to a state contracting agency, under a procedure in which the contracting authority does not negotiate prices, as set forth in statutes and regulations concerning procurement;

Competitive bidding means the offer of firm bids by individuals or firms competing for a contract, privilege, or right to supply specified services or goods.