means the acceptance of a Bid or Proposal by issuance of a purchase order and may include the execution of a written agreement to cover performance by the vendor.

The act of accepting a bid, thereby forming a contract between the state and a bidder.

Acceptance of a bid by Mn/DOT, subject to execution and approval of the contract. The contract is usually awarded within 30 days of the bid opening to the lowest responsible bidder who complies with all prescribed requirements. Mn/DOT notifies the successful bidder by letter that the bid has been accepted subject to execution and approval of the contract as required by law.

The assignment of work under Contract. [D02398] RMW The notification to a bidder of acceptance of a bid. [D02399] PMDT The legal ly binding contracting of resources to produce required results. [D04314] 26

a term used to mean the announcement or placement of an order for goods or services at the conclusion of a competitive bidding process.

Selection of the lowest price bid which meets all specifications of the bid.

the notification to a bidder or tenderer of acceptance of a bid or tender which brings a contract into existence.

The written acceptance by the Director of a Bid.

The decision of IDOT in the form of a letter of intent to accept the proposal of the lowest responsible bidder for the work, subject to the approval and execution of a satisfactory contract by IDOT, receipt of a bond to secure the performance thereof, and compliance with such other conditions as may be specified or otherwise required by law.

The act of an owner formally accepting a contractors proposal or bid.