Dictionary of Procurement Terms

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Search Results: 1-7 of 7 results for “Preference”

  • Bid Preference

    Procurement laws mandating that bid prices for a preferred class of bidders be given special consideration when comparing their bid prices with those of other bidders not in the preferred class, i.e., “local” suppliers may be given a bid preference over suppliers that are not defined as “local.”

    See Also: Buy Local, Local Preference

  • In-State Preference

    A preference in the form of a percentage of cost or percentage of points given to bidders, proposers, and responders doing business in that state.

  • Local Preference


    See Also: Tie Bid Preference, Buy Local, Preference

  • Percentage Preference

    A policy of adding a fixed percentage to the bid price of a non-preferred business unit.

  • Preference

    An advantage given to bidders/proposers in a competition for contract award, which may be granted based on pre-established criteria such as ethnicity, residence, business location, origination of the product or service, business classification (e.g., small business), or other reasons. A governmental bias.

    See Also: Local Preference, Buy Local, Disadvantaged Business

  • Residency Preference


    See Also: Preference

  • Tie Bid Preference

    A policy adopted by a public agency that gives preference to a local bidder only if the bid is identical to a bid from a non-resident bidder, all other aspects of the bid being equal. A way to break a tie bid. Other preference may include awarding the tie bid to a minority firm or small business or a bidder that resides within the state in which the bidding occurred.

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