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Aggrieved Bidder/Proposer/Offeror
The
bidder/proposer/offeror who may be
adversely affected by the award of a contract
to another bidder/proposer/offeror and
protests or appeals the decision.
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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.
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Bidder
A supplier who submits a bid in response
to an Invitation for Bids (IFB), Invitation to
Tender (ITT), or other formal solicitation type
in which price is the primary factor in the
evaluation process for award determination.
See also: Offeror, Proposer, Responder.
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Bidders Conference
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Bidders List
A list 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.
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Ineligible Bidder/Proposer/Offeror
A bidder/proposer/offeror that does not meet the qualifications stated in the solicitation or a supplier that is currently debarred, suspended, or disqualified.
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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.
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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 that
may then be permitted to submit
bids/proposals.
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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/Offeror.
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Responsible Bidder/Proposer/Offeror
A supplier
with 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.