Aggregate award definition
Aggregate award means an arrangement whereby two or more separately priced line items are combined for award to that bidder whose bid will result in the lowest overall cost to the Government for the line items as a group. The individual price for each item does not have to be the lowest bid received. (See also the definition of a “line item” in FAR 2.101 .)
Aggregate award means, with respect to any Applicable Year, the sum of all Awards for all Participants, without giving effect to the discretionary authority in Section 4.
Aggregate award means the sum of the portion of the Award received by the Purchaser’s Group and the portion of the Award received by the Seller’s Group;
More Definitions of Aggregate award
Aggregate award has the meaning given in Clause 9.2.1(ii);
Aggregate award is the process of awarding a contract by categories for like items.