Lowest Bidder Sample Clauses
The Lowest Bidder clause establishes that a contract or procurement will be awarded to the party submitting the lowest qualifying bid. In practice, this means that among all the bids received, the one with the lowest price that meets all specified requirements and standards will be selected. This clause ensures a transparent and objective selection process, primarily aiming to achieve cost savings and prevent favoritism or arbitrary decision-making in awarding contracts.
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Lowest Bidder. Following determination of product acceptability, if any is required, bids will be evaluated to determine which Bidder offers the lowest cost to the City of Santa Fe in accordance with the specifications and terms & conditions set forth in the Bid. The City of Santa Fe reserves the right to award this Bid in total; by groups of items; on the basis of individual items; any combination of these which could result in a multiple award; or as otherwise specified in bid specifications; whichever, in his/her judgment, best serves the interest of the City of Santa Fe.
Lowest Bidder. Bids will be compared on the basis of the per Unit and total Bids for the three-year base period and the two one year option period. (I’M NOT SURE I UNDERSTAND THIS) The lowest Bidder will be that Bidder whose Bid is lowest and Total Units Price is based on that and therefore also lowest. The previous three year Total Unit numbers have been provided for the Bidders which will be the basis for the Bid. The Town reserves the right to award the Contract to the lowest responsible Bidder meeting the specifications for the contract period.