reference bid

reference bid
England, Wales
A bid that is submitted on the basis of (and complies with) certain prescribed requirements of the awarding authority in a contract. Submission of a reference bid will usually be mandatory.
+ reference bid
a bid which is submitted on the basis of (and complies with) certain prescribed requirements of the awarding authority.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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