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Joint Bid means a bid made by two or more persons jointly, and includes a bid (whether made in the name of one person or in the names of two or more persons) made with the intention that, if the bid is successful, the property, rights or privileges bid for will or may be shared by two or more persons;joint tender means ...
A joint bidding consortium agreement is a collaboration between undertakings where the parties to the consortium agreement typically come together to perform a public or private contract.
A joint bidding or consortia bidding agreement under which the parties agree to work together to submit a tender for a project. If the tender is successful, the performance of the contract will be divided between them, with one party acting as main contractor and the other as a sub-contractor.
A consortium bid is where two or more entities have decided to come together to bid for a contract opportunity. There is a big difference between consortium and sub-contracting arrangements.
Pre-Bid Agreement means the agreement entered into by the parties in respect of the bid for the Project on or about the date stated in Schedule 1.