Bid Price definition: Copy, customize, and use instantly
Introduction
The term "Bid Price" refers to the price offered by a bidder in response to a request for proposal, tender, or auction. It is a critical element in procurement processes, as it reflects the amount the bidder is willing to pay or charge for goods, services, or projects.
Below are various examples of how "Bid Price" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Bid Price" as the proposed amount in an auction
This definition ties "Bid Price" to its role in an auction setting.
"Bid Price" means the amount offered by a bidder during an auction or competitive bidding process, reflecting their willingness to purchase an item or service.
Definition of "Bid Price" as the total cost for a service
This definition connects "Bid Price" to a service-related context.
"Bid Price" refers to the total amount proposed by a bidder to complete the required services or deliverables, including all fees and expenses.
Definition of "Bid Price" as an offered price in response to an RFP
This definition links "Bid Price" to a response to a request for proposal (RFP).
"Bid Price" means the price submitted by a bidder in response to a request for proposal (RFP), detailing the cost for fulfilling the terms of the proposal.
Definition of "Bid Price" as the amount quoted for a project
This definition applies "Bid Price" to project quotes.
"Bid Price" refers to the amount quoted by a bidder for completing a project or providing goods, including labor, materials, and any other necessary costs.
Definition of "Bid Price" as a proposal amount in tendering
This definition connects "Bid Price" to tendering.
"Bid Price" means the proposed amount submitted in response to a tendering process, indicating the cost at which the bidder is willing to provide the required goods or services.
Definition of "Bid Price" as a price offered by a contractor
This definition ties "Bid Price" to contractors.
"Bid Price" refers to the price offered by a contractor to undertake construction or renovation work, detailing costs for labor, materials, and overhead.
Definition of "Bid Price" as the amount proposed by a supplier
This definition links "Bid Price" to suppliers.
"Bid Price" means the price offered by a supplier for providing goods or services, representing the supplier's cost structure and profit margin.
Definition of "Bid Price" as an estimated cost in competitive bidding
This definition applies "Bid Price" to competitive bidding.
"Bid Price" refers to an estimated cost submitted by a bidder in a competitive bidding process, intended to win a contract for goods, services, or projects.
Definition of "Bid Price" as a financial proposal in negotiations
This definition connects "Bid Price" to negotiations.
"Bid Price" means the financial proposal presented by a bidder during negotiations, reflecting the cost at which the bidder is willing to deliver the product or service.
Definition of "Bid Price" as the price for an offer in an auction
This definition links "Bid Price" to auctions.
"Bid Price" refers to the price submitted in an auction by a bidder, representing their offer for the item or service being auctioned.
Definition of "Bid Price" as an offered amount in a procurement process
This definition ties "Bid Price" to procurement.
"Bid Price" refers to the amount proposed by a bidder as part of a procurement process, indicating the cost to provide goods or services under the terms specified in the contract.
Definition of "Bid Price" as the cost to complete a contract
This definition connects "Bid Price" to contract completion.
"Bid Price" means the price proposed by a bidder to complete the work outlined in a contract, covering all costs necessary to fulfill the contractual obligations.
Definition of "Bid Price" as the cost of goods or services offered
This definition links "Bid Price" to goods or services.
"Bid Price" refers to the cost offered for goods or services in response to a request for proposals, ensuring competitive pricing.
Definition of "Bid Price" as an offer submitted in response to an RFP
This definition applies "Bid Price" to an RFP response.
"Bid Price" means the offer submitted by a bidder in response to a request for proposal (RFP), specifying the price at which they are willing to supply the goods or services required.
Definition of "Bid Price" as a competitive price for a product or service
This definition connects "Bid Price" to competition.
"Bid Price" refers to a competitive price proposed by a bidder for a product or service in a bidding process, intended to secure a contract.
Definition of "Bid Price" as the price for a project outlined in a proposal
This definition ties "Bid Price" to a project proposal.
"Bid Price" means the price quoted in a proposal for a project, specifying the costs for completing the project according to the outlined scope of work.
Definition of "Bid Price" as the price offered for a fixed term agreement
This definition links "Bid Price" to a fixed-term agreement.
"Bid Price" refers to the price offered by a bidder to provide goods or services under a fixed-term agreement, ensuring a set cost over the term of the agreement.
Definition of "Bid Price" as a final price in a competitive process
This definition connects "Bid Price" to a competitive process.
"Bid Price" means the final price submitted by a bidder in a competitive bidding process, indicating their willingness to provide goods or services at that price.
Definition of "Bid Price" as a proposed amount in a cost structure
This definition applies "Bid Price" to cost structure.
"Bid Price" refers to the proposed amount in a cost structure, detailing the costs for labor, materials, and other expenses required to fulfill the contract.
Definition of "Bid Price" as the amount in a public tender
This definition links "Bid Price" to public tenders.
"Bid Price" means the amount submitted in a public tender, representing the price at which the bidder is willing to perform the required services or deliverables.
Definition of "Bid Price" as an amount submitted in an auction or sale
This definition ties "Bid Price" to auctions or sales.
"Bid Price" refers to the amount submitted by a participant in an auction or sale, representing the price at which they wish to acquire the goods or services.
Definition of "Bid Price" as the price for a government contract
This definition connects "Bid Price" to government contracts.
"Bid Price" means the price offered by a bidder in response to a government contract tender, indicating the cost of providing goods or services required by the government.
Definition of "Bid Price" as the quoted amount for an offer
This definition links "Bid Price" to offer quoting.
"Bid Price" refers to the quoted amount for an offer made in response to a contract or project proposal, specifying the cost to deliver the required goods or services.
Definition of "Bid Price" as a detailed financial proposal
This definition connects "Bid Price" to financial proposals.
"Bid Price" means a detailed financial proposal outlining the cost to fulfill the terms of a project or contract, including all anticipated expenses.
Definition of "Bid Price" as the price offered for public works
This definition applies "Bid Price" to public works.
"Bid Price" refers to the price offered by a bidder for performing public works, including all construction or development costs associated with the project.
Definition of "Bid Price" as a proposal for services in a tender process
This definition links "Bid Price" to services in a tender.
"Bid Price" means a proposal submitted during a tender process, detailing the cost to perform specific services as requested in the tender.
Definition of "Bid Price" as the total cost estimate for a job
This definition ties "Bid Price" to job cost estimates.
"Bid Price" refers to the total cost estimate provided by a bidder for completing a job, including all resources and materials required to finish the work.
Definition of "Bid Price" as the price for goods in a purchasing bid
This definition connects "Bid Price" to purchasing bids.
"Bid Price" means the price proposed in a purchasing bid for goods, detailing the cost for the delivery and provision of those goods.
Definition of "Bid Price" as a competitive offer in response to specifications
This definition links "Bid Price" to competitive offers.
"Bid Price" refers to a competitive offer made in response to specifications outlined by the issuer, providing the cost at which the bidder will supply the required goods or services.
Definition of "Bid Price" as the price proposed in a sealed bid process
This definition connects "Bid Price" to a sealed bid process.
"Bid Price" means the price proposed in a sealed bid process, where the bids are submitted in confidence and revealed only after the closing deadline.
Definition of "Bid Price" as the quoted amount in a pricing agreement
This definition applies "Bid Price" to a pricing agreement.
"Bid Price" refers to the quoted amount in a pricing agreement, specifying the cost for goods or services that will be provided under the terms of the agreement.
Definition of "Bid Price" as a financial offer in an open bidding process
This definition ties "Bid Price" to an open bidding process.
"Bid Price" means the financial offer submitted in an open bidding process, detailing the cost for completing the work or providing goods or services as outlined in the bidding documents.
Definition of "Bid Price" as a contractual bid amount
This definition connects "Bid Price" to contract bids.
"Bid Price" refers to the amount quoted by a bidder in the context of a contract, representing the total cost to fulfill the contract’s terms.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.