alternate bid

alternate bid

The amount stated in the bid to be added to or deducted from the amount of the base bid if the corresponding change in project scope or alternate materials and/or methods of construction is accepted.
References in periodicals archive ?
Work for the large units will occur during this coming summer with the alternate bid work taking place during summer of
Discussions with the lowest bidder were held on the original bid and the alternate bid (submitted by the lowest evaluated bidder along with the original bid).
The confession raises transparency concerns in the multi-billion dollar deal, whose contract has been awarded to the Chinese company on an "alternate bid", which the company had submitted after quoting its original bid.
The NHA chairman further said that after negotiations the bidder agreed to lower the alternate bid price to Rs294 billion after the government assured that it would not charge taxes to the tune of Rs19.1 billion or roughly $200 million.
Its overall alternate bid is $2,619,600 in the first year and excludes free large item pickup.
The submission of the alternate bid was as per the standard practice of Pakistan Engineering Council and provisions of bidding documents.Under EPC mode, bidding is carried out on the basis of Employer's Requirements which lists down the broad parameters of the infrastructure facility that is to be constructed.

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