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Statement of NO Bid. Note: If you do not intend to submit a bid on this project, BR please detach and return this form/b immediately to: ALTMAN Transit Authority.

How to fill out statement of no bid

How to fill out a statement of no bid:

1. Start by clearly identifying the document as a "Statement of No Bid" at the top of the page.
2. Provide the date and a unique reference or identification number for the statement.
3. Include the name and contact information of the bidder who is submitting the statement of no bid.
4. Clearly state the reason for not submitting a bid. This could be because the project does not align with the bidder's capabilities, resources, or objectives.
5. Provide a brief explanation of the reasons behind the decision to not submit a bid. This can include any additional information that supports the decision, such as conflicting projects or lack of expertise in the specific area.
6. If applicable, mention any alternative solutions or suggestions that may be helpful to the requesting party despite not submitting a bid.
7. Sign and date the statement of no bid and include any necessary supporting documentation.

Who needs a statement of no bid:

1. Organizations or individuals who have requested bids for a project or service.
2. RFP (Request for Proposal) or RFQ (Request for Quote) issuers who require a response from potential bidders.
3. Government agencies, corporations, or institutions that follow a formal bidding process.

Note: The need for a statement of no bid arises when a bidder decides not to submit a bid for a particular project after evaluating the requirements, timelines, or other factors involved.

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What is statement of no bid?

Statement of no bid is a declaration stating that a company or individual will not be submitting a bid for a specific project or contract.

Who is required to file statement of no bid?

Any company or individual who has been invited to bid on a project or contract but chooses not to participate is required to file a statement of no bid.

How to fill out statement of no bid?

To fill out a statement of no bid, one must provide their contact information, the project or contract reference number, and the reason for not submitting a bid.

What is the purpose of statement of no bid?

The purpose of statement of no bid is to inform the requesting party that the company or individual will not be participating in the bidding process for a specific project.

What information must be reported on statement of no bid?

The statement of no bid must include the contact information of the company or individual, the project or contract reference number, and the reason for not submitting a bid.