Bidder definition: Copy, customize, and use instantly
Introduction
The term "Bidder" refers to an individual or entity that submits a bid in response to a request for proposal (RFP), auction, or tender process. It is essential to clarify the role and obligations of the bidder within an agreement to ensure fairness, transparency, and compliance with the terms of the bidding process.
Below are various examples of how "Bidder" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Bidder" as an entity submitting a bid
This definition ties "Bidder" to any entity or individual involved in the process of submitting a bid.
"Bidder" means any individual or organization that submits a proposal or offer in response to a request for proposal, auction, or competitive bidding process.
Definition of "Bidder" as the primary respondent
This definition connects "Bidder" to the main party responding to a tender or auction.
"Bidder" refers to the primary party submitting a bid in response to an invitation to tender or other procurement process, with the intent to enter into a contract if awarded.
Definition of "Bidder" as a competing entity
This definition links "Bidder" to those competing in a competitive process.
"Bidder" means any entity or individual that submits a bid, proposal, or offer to compete in a tender or auction process to secure a contract or agreement.
Definition of "Bidder" as a potential contractor
This definition applies "Bidder" to parties that are competing for a contract.
"Bidder" refers to an individual or legal entity that submits an offer to become a potential contractor in a competitive procurement process.
Definition of "Bidder" as a participant in an auction
This definition ties "Bidder" to an auction setting.
"Bidder" means any individual or entity participating in an auction, submitting bids for the purchase of goods, services, or rights in the auction process.
Definition of "Bidder" as an authorized party
This definition connects "Bidder" to a party with permission to submit bids.
"Bidder" refers to any party that has been authorized by the relevant governing body or organization to submit a proposal or bid in response to a solicitation or auction.
Definition of "Bidder" as an offeror
This definition links "Bidder" to an offeror in a legal context.
"Bidder" means an offeror who submits a bid to the owner or tendering authority as part of a formal bidding or tendering process.
Definition of "Bidder" as a financial participant
This definition connects "Bidder" to a financial participant in a bidding process.
"Bidder" refers to any individual or organization that submits a bid to purchase assets, securities, or financial instruments during a bidding process.
Definition of "Bidder" as a qualified entity
This definition ties "Bidder" to an entity that meets the required qualifications.
"Bidder" means an entity that meets the qualifications or criteria outlined in the solicitation documents and is eligible to submit a bid in response to the request for proposals or tenders.
Definition of "Bidder" as a sole competitor
This definition links "Bidder" to the only party submitting a bid.
"Bidder" refers to the sole party submitting a bid or proposal in a given process where there is no competition or other bidders.
Definition of "Bidder" as a party subject to bidding rules
This definition ties "Bidder" to the individual or organization following bidding rules.
"Bidder" means a party submitting a proposal or bid who agrees to abide by all terms, conditions, and rules of the bidding process as outlined in the request for proposals or auction documents.
Definition of "Bidder" as a legal entity
This definition connects "Bidder" to a legal entity.
"Bidder" refers to a corporation, partnership, limited liability company, or other legal entity submitting a bid in response to a tender, request for proposal, or auction.
Definition of "Bidder" as an interested party
This definition links "Bidder" to a party expressing interest.
"Bidder" means any individual or entity that expresses an interest in participating in a bidding or auction process and submits a formal bid in accordance with the established procedures.
Definition of "Bidder" as a submitting party
This definition applies "Bidder" to the party submitting bids.
"Bidder" refers to the party submitting a bid, offer, or proposal to participate in a competitive selection process, such as an auction or tender.
Definition of "Bidder" as an invited party
This definition ties "Bidder" to an invited participant.
"Bidder" means a party who has been invited to submit a bid in response to a solicitation or auction, and is authorized to participate in the bidding process.
Definition of "Bidder" as a conditional participant
This definition connects "Bidder" to a participant subject to terms.
"Bidder" refers to any party that submits a bid subject to the terms and conditions outlined in the bid submission guidelines, which may include specified qualifications or requirements.
Definition of "Bidder" as a responsive participant
This definition links "Bidder" to a party that has met requirements.
"Bidder" means a participant whose bid complies with the submission requirements and is considered responsive by the tendering authority.
Definition of "Bidder" as an entity representing a consortium
This definition applies "Bidder" to a group or consortium.
"Bidder" refers to an entity or consortium representing multiple parties that submit a collective bid in a joint effort to secure a contract or award.
Definition of "Bidder" as a selected offeror
This definition ties "Bidder" to the chosen party.
"Bidder" means the offeror selected by the procuring authority as the successful respondent to a bidding process, upon which the contract is awarded.
Definition of "Bidder" as an entity with a binding offer
This definition connects "Bidder" to an entity making a binding offer.
"Bidder" refers to an entity submitting a binding bid, offer, or proposal, where acceptance by the issuer creates a legally enforceable contract.
Definition of "Bidder" as an entity submitting a proposal
This definition ties "Bidder" to any entity or individual involved in the process of submitting a proposal or bid.
"Bidder" means any individual or organization that submits a bid or proposal in response to a tender or auction process.
Definition of "Bidder" as a primary participant in an auction
This definition connects "Bidder" to the primary participant in an auction.
"Bidder" refers to the party or parties participating in an auction by submitting bids for the goods or services being sold.
Definition of "Bidder" as an offeror in a competitive process
This definition links "Bidder" to an offeror competing for a contract.
"Bidder" means an offeror who submits a proposal or bid in response to a solicitation, intending to enter into a contractual agreement if selected.
Definition of "Bidder" as a registered participant
This definition applies "Bidder" to a party that has registered to participate.
"Bidder" refers to any individual or entity that has registered to submit a bid in a formal bidding or tendering process.
Definition of "Bidder" as a financial institution
This definition connects "Bidder" to a financial institution involved in a bidding process.
"Bidder" means any financial institution or related entity that submits a bid to purchase securities, loans, or other financial instruments in a bidding process.
Definition of "Bidder" as an authorized participant
This definition ties "Bidder" to an authorized participant in a bidding process.
"Bidder" refers to an individual or entity who has been authorized to participate in the bidding process and submit a bid for a specific contract or project.
Definition of "Bidder" as a party submitting a sealed bid
This definition links "Bidder" to a party submitting a sealed bid.
"Bidder" means an individual or organization submitting a sealed bid in response to an invitation to bid or request for proposal.
Definition of "Bidder" as a joint venture participant
This definition connects "Bidder" to a joint venture or consortium.
"Bidder" refers to an entity or group of entities participating as part of a joint venture or consortium submitting a bid for a project.
Definition of "Bidder" as a supplier
This definition applies "Bidder" to a supplier providing goods or services.
"Bidder" means a supplier who submits a bid to provide goods or services as specified in the request for proposal or tender.
Definition of "Bidder" as a pre-qualified entity
This definition ties "Bidder" to a pre-qualified entity.
"Bidder" refers to a pre-qualified entity that has met the necessary requirements to submit a bid for the project or contract in question.
Definition of "Bidder" as an entity making a binding offer
This definition connects "Bidder" to an entity making a legally binding offer.
"Bidder" means an entity that submits a proposal or bid with the intent to create a legally binding agreement if their bid is accepted.
Definition of "Bidder" as a responsive party
This definition applies "Bidder" to a party whose bid meets requirements.
"Bidder" refers to an entity whose submitted bid complies with all requirements outlined in the invitation to bid or request for proposals.
Definition of "Bidder" as a tenderer
This definition links "Bidder" to a tenderer in the procurement process.
"Bidder" means a tenderer who has submitted a proposal or offer in response to a formal request for tender or procurement notice.
Definition of "Bidder" as an interested party
This definition connects "Bidder" to a party expressing interest in participating.
"Bidder" refers to any entity that expresses interest and submits a proposal in response to an invitation for bids or request for proposals.
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.