responsible bidder definition

responsible bidder

Contractor, supplier, or vendor, qualified on the basis that it (1) has adequate financial resources to perform a contract, (2) is able to comply with the associated legal or regulatory requirements, (3) is able to deliver according to the contract schedule, (4) has a history of satisfactory performance, (5) has good reputation regarding integrity, (6) has or can obtain necessary data, equipment, and facilities, and (7) is otherwise eligible and qualified to receive award if its bid is chosen.

responsible bidder is in the Agreements & Contracts and Purchasing & Procurement subjects.

responsible bidder appears in the definitions of the following terms: adequate competition, rejected bid and responsive bidder

responsible bidder appears in these other term: lowest responsible bidder

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