Dictionary of Procurement Terms

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  • Bid Tabulation

    A summary document of all responsive bidders with their total extended prices, which the agency has calculated and verified to ensure accuracy. It may also include unit prices for each item, total prices, delivery terms and conditions, whether each bidder has met the requirements for licenses, bonds, evidence of insurance, or other information deemed appropriate by the contracting officer.

    See Also: Bid Analysis, Bid Evaluation