encyclopedia

BID

Procurement. Offer of a Bidder to provide goods, services or work in response to an Invitation for Bids. For Public Works contracts, it is determined by statute (Public Contracts Code, Section 5100) as any proposal submitted to a public entity…

BID (OPERATIONS)

In accord with the employee’s labor contract, exercise of the right to select a work assignment or time off (usually vacation days) on the basis of seniority. Also generally applies to requested overtime work including Voluntary Call Back (VCB) assignments…

BID OPENING OFFICER

Individual to whom authority has been delegated to receive and open Bids and Proposals. The overall responsibility resides with the Executive Officer, Office of Procurement and Distribution.

BID SAMPLES

Sample required by the Invitation for Bids, to be furnished by a Bidder as part of its Bid to show the characteristics of a product offered in its Bid to assure procurement of an acceptable product. These samples are required…

BID SECURITY

A required certified or cashier’s check, cash or Bid Bond accompanying the bid submitted by the Bidder, as a guarantee that the Bidder will enter into a contract with the MTA for the performance of the work and that it…

BID SOLICITATION PACKAGE

A set of documents issued by the MTA for the intended work, which includes but is not limited to the Invitation Letter, Information for Bidders, Standard Contract Terms and Conditions and Special Terms and Conditions, and if required, Contract Drawings,…

BID TABULATION

Also known as Bid Summary Sheet. The written record of prices and other relevant information pertaining to the Bids submitted in response to a Bid Solicitation Package. (The Bid Summary Sheet is filled in at the Bid Opening and serves…

BIDDABLE TRIPPER

A short bus run assignment which a bus operator can be on in addition to his or her regularly assigned run.

BIDDER

Any individual, firm, partnership, corporation, or combination thereof submitting a Bid for the work solicited in an Invitation for Bids, acting directly or through a duly authorized representative.

BIDDERS FILES

A compilation of identification of prospective Bidders, the names and addresses of which are recorded according to subject matter, obtained from requests for inclusion in the Bidders List Files, listings of bid package holders and bidders of previous procurements, minority…