Dictionary of Procurement Terms

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Search Results: 1-2 of 2 results for “Bid Preference”

  • Bid Preference

    Procurement laws mandating that bid prices for a preferred class of bidders be given special consideration when comparing their bid prices with those of other bidders not in the preferred class, i.e., “local” suppliers may be given a bid preference over suppliers that are not defined as “local.”

    See Also: Buy Local, Local Preference

  • Tie Bid Preference

    A policy adopted by a public agency that gives preference to a local bidder only if the bid is identical to a bid from a non-resident bidder, all other aspects of the bid being equal. A way to break a tie bid. Other preference may include awarding the tie bid to a minority firm or small business or a bidder that resides within the state in which the bidding occurred.