All-or-None Bid

Definition:

A bid for a number of different items, services, etc., in which the Bidder states that he will not accept a partial award, but will only accept an award for all the items, services, etc., included in the bid. Such bids are acceptable only if provided for in the Invitation for Bids, or if the Bidder quoted prices for all items, services, etc.

Related terms:

Closing date

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