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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 (for
example, local suppliers may be given a bid
preference over suppliers that are not defined
as “local.”) See also: Buy Local, Local
Preference.
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In-State Preference
A preference in the form of a
percentage of price or percentage of points
given to offerors that are in-state businesses.
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Local Preference
See Tie Bid Preference, Buy
Local, Preference.
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Percentage Preference
A policy of adding a fixed
percentage to the bid price of a non-preferred
business unit.
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Preference
An advantage given to
bidders/proposers in a competition for a
contract award that 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. See
also: Local Preference, Buy Local,
Disadvantaged Business.
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Reciprocal Preference
When the policy or
procedures of one jurisdiction favor its own
suppliers in procurement selections; in turn,
other jurisdictions may apply like measures
against the suppliers from the first
jurisdiction.
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Residency Preference
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Tie Bid Preference
A policy adopted by an entity
that gives preference to a local bidder only if
the bid is identical to a bid from a nonresident
bidder, all other aspects of the bid
being equal; a way to break a tie bid. Other
preferences may include awarding the tie bid
to a diverse or disadvantaged business or a
bidder that resides within the state in which
the bidding occurred.
