lowest evaluated bid definition
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LOWEST EVALUATED BIDDER It can be deduced from the definition that the “lowest evaluated bidder” is the bidder whose bid has been evaluated and found offer lowest cost as well as meet all terms and conditions stipulated in the bid documents.
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Definitions Low-performing schools: Schools that are in the bottom 10 percent of performance in the State, or who have significant achievement gaps, based on student academic performance in reading/language arts and mathematics on the assessments required under the ESEA or graduation rates (as defined in this document).
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What is a 'Bid' Loading the player... A bid is an offer made by an investor, a trader or a dealer to buy a security, commodity or currency. It stipulates both the price the potential buyer is willing to pay and the quantity to be purchased at that price.
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Ending Listings Early If you specify SellToHighBidder, the listing ends as a successful auction with winning bidder(s). If you specify another EndingReason value, such as LostOrBroken, all bids are automatically can celled before the item is ended as an unsuccessful auction.
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bid Definitions (3) 1. The highest price any buyer is willing to pay for a given security at a given time; also called bid price. Quoted bid is a maximum price that a market maker will pay for a security. 2. An offer of a specific amount of money in exchange for products and services, as in an auction. 3. In some cases, this term also refers to the maximum that an acquiring company is willing to pay for a takeover target.
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- Best Bid/Ask Best Bid is the highest price currently being offered for a block of stock. Best Ask is the lowest price currently being asked for a block of stock. $ 368.68 / $ 368.88. 1 Year Target.
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Bid price Bid price. A bid price is the highest price that a buyer (i.e., bidder) is willing to pay for a good. It is usually referred to simply as the bid. In bid and ask, the bid price stands in contrast to the ask price or offer, and the difference between the two is called the bid–ask spread. An unsolicited bid or purchase offer is when a person or company receives a bid even though they are not looking to sell.
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48 CFR 15.101-2 - Lowest price technically acceptable source selection process. (b) When using the lowest price technically acceptable process, the following apply: (1) The evaluation factors and significant subfactors that establish the requirements of acceptability shall be set forth in the solicitation.
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DEFINITION of 'Unsolicited Bid' DEFINITION of 'Unsolicited Bid'. An offer made by an individual, company or group of investors to purchase a company that was not actively seeking a buyer. The bid is a result of the unsolicited bid submitter's initiative and not due to any request made by the bid-upon company. Unsolicited bids may also sometimes be referred to as hostile bids if the company being bid for doesn't want to be acquired.
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- Definitions (3) 1. The highest price any buyer is willing to pay for a given security at a given time; also called bid price. Quoted bid is a maximum price that a market maker will pay for a security. 2. An offer of a specific amount of money in exchange for products and services, as in an auction.
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- In most bidding situations, the general contractor and subcontractor would assume that the subcontractor's bid constitutes a promise to do the work for a specified price and is not merely a conditional estimate of the cost of the work.
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- What is a 'Bid'. A bid is an offer made by an investor, a trader or a dealer to buy a security, commodity or currency. It stipulates both the price the potential buyer is willing to pay and the quantity to be purchased at that price.
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Bid BID, contracts. A bid is an offer to pay a specified price for an article about to be sold at auction. The bidder has a right to withdraw his bid at any time before it is accepted, which acceptance is generally manifested by knocking down the hammer. 3 T. R. 148; Hardin's Rep. 181; Sugd. Vend. 29; Babington on Auct. 30, 42; or the bid may be withdrawn by implication. 6 Penn.
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- Use 'bid' in a Sentence. Always make your opening bid either high or low, and then slowly creep back into a middle ground to get the best price. 19 people found this helpful. The man believed that his favorite sports team was the best, so he put a bid in because he thought it would be an easy and fun way to make some extra money.
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How Do Max Bids Work on eBay? If your maximum bid is above the reserve price, eBay automatically raises the highest bid to the reserve price, rather than bidding incrementally as normal. If the highest bid for an item jumps up significantly, another bidder has a similar maximum bid to yours or a reserve price has been placed on the item.
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48 CFR 15.101-2 - Lowest price technically acceptable source selection process. If the contracting officer documents the file pursuant to 15.304(c)(3)(iii), past performance need not be an evaluation factor in lowest price technically acceptable source selections. If the contracting officer elects to consider past performance as an evaluation factor, it shall be evaluated in accordance with 15.305.
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Upset Bid Law and Legal Definition An upset bid is a bid in a judicial sale. Such bid is made in an amount greater than the bid of the purchaser, so that the sale will be set aside. The following is an example of a state statute (North Carolina) defining the term:
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Bidding overview The current bid for an item is $10.00. Tom is the high bidder, and has placed a maximum bid of $12.00 on the item. His maximum bid is kept confidential from other members. Laura views the item and places a maximum bid of $15.00. Laura becomes the high bidder. Tom's bid is raised to his maximum of $12.00.
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bid Definition of bid for English Language Learners. : 1  an offer to pay a particular amount of money for something. : 2  an offer to do a job for a particular price. : 3  an attempt to win, get, or do something.
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Construction management Selection methods. 1  Low-bid selection: This selection focuses on the price of a project. Multiple construction management companies submit a bid to the owner that is the lowest amount they are willing to do the job for. Then the owner usually chooses the company with the lowest bid to complete the job for them. Best-value selection: This selection focuses on both the price and qualifications of the contractors submitting bids.
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- To outbid on one's own property at an auction in order to raise the final selling price. bid out. To offer (work) for bids from outside contractors. bid up. To cause (a price) to rise by increasing the amount bid: bid up the price of wheat.
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No-reserve auction No-reserve auction. A No-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's perspective, advertising an auction as having no reserve price can be desirable because it potentially attracts a greater number of bidders due to the possibility of a bargain.
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- Here are the best explanations I've heard before -. Forward bidding: A standard auctions format where bidding starts at the minimum price acceptable to the seller and increases with every new bid by a fixed increment. Every bidder knows what price is being bid and the highest price bid acceptable to the seller wins.
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- Your max bid should be the highest amount you're willing to pay for an item. We keep your max bid amount a secret from the seller and other bidders. Max bidding example: If a current bid is $20 and your max bid is $30, we bid $21 for you.
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Mulls Engineering Management An Estimate is a best faith prediction of the effort that will be expended to perform a task. It has tolerance and distribution, and may depend on other factors out of the estimators control. It is the opinion of a professional. A Bid is a price submitted to perform a task. This is probably based on an estimate, but takes many other factors into account. It includes either profit or a market margin (which may be negative), and reflects the interest that the bidder has in the task. It also includes the risk the bidder wishes to take.
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- Packaging should be the same as what is found in a retail store, unless the item is handmade or was packaged by the manufacturer in non-retail packaging, such as an unprinted box or plastic bag. See the seller's listing for full details. See all condition definitions-opens in a new window or tab ...our max bid should be the highest amount you're willing to pay for an item. We keep your max bid amount a secret from the seller and other bidders. Max bidding example: If a current bid is $20 and your max bid is $30, we bid $21 for you.