Dictionary of Procurement Terms

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Search Results: 1-10 of 11 results for “Bidder”

  • Aggrieved Bidder/Proposer

    The bidder/proposer who is adversely affected by the award of a contract to another bidder/proposer and protests or appeals the decision.

  • Apparent Low Bidder

    The label used for a bidder that has been determined to have provided the lowest price in a bid or quote, prior to determination of whether the bid is responsive and from a responsible bidder.

  • Bidder

    A person or entity who submits a bid in response to an Invitation for Bids (IFB), Invitation to Tender (ITT), or other formal solicitation type where price is the primary factor in the evaluation process for award determination.

    See Also: Offeror, Proposer, Responder

  • Bidders Conference

    A meeting convened to discuss technical, operational, and performance specifications, and/or the full extent of financial, security, and other contractual obligations related to a bid solicitation with potential bidders; convened before the bid closes.

    See Also: Pre-Bid/ Pre-Proposal Conference (Meeting), Pre-Solicitation Conference

  • Bidders List

    A listing of names and addresses of suppliers from whom bids, proposals, or quotations can be solicited. The list is generally retained in a retrievable database.

    See Also: Source List

  • Ineligible Bidder/Offeror

    An individual or business entity who does not meet the stated qualifications for responding to an Invitation for Bids or Request for Proposals or has been disqualified, suspended, or debarred. (Harney, 1992)

  • Lowest Responsive and Responsible Bidder

    The Bidder who fully complied with all of the bid requirements and whose past performance, reputation, and financial capability is deemed acceptable, and who has offered the most advantageous pricing or cost benefit, based on the criteria stipulated in the bid documents.

  • Pre-Qualification (of Bidder/Proposer)

    The screening of potential suppliers/contractors in which such factors as financial capability, reputation, and management are considered to develop a list of qualified businesses who may then be allowed to submit bids/proposals.

  • Qualified Bidder

    A bidder determined by the purchasing organization to meet the minimum standards of business competence, reputation, financial ability, and product quality for placement on the bidders list.

    See Also: Responsible Bidder/Proposer

  • Responsible Bidder/Proposer

    A business entity or individual who has the integrity and reliability as well as the financial and technical capacity to perform the requirements of the solicitation and subsequent contract.

    See Also: Qualified Bidder
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