Best Evaluated Bid definition

Best Evaluated Bid means in case of Public Private Partnership projects, a bid, which attains the highest score under criteria laid down in Rule 84, read with respective bidding documents;
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Best Evaluated Bid means a Bid conforming to the evaluation criteria as provided for in the Bidding Documents and which attains the lowest financial score according to the formula set forth in Section C of this RFP.
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Best Evaluated Bid means the Bid, which attains the highest score under the criteria laid down in rule 22, read with the respective Bidding Documents;
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Examples of Best Evaluated Bid in a sentence

  • Determination of Best Evaluated Bid or Bids10.1 The bid with the lowest evaluated price, from among those which are eligible, compliant and substantially responsive shall be the best evaluated bid.

  • Determination of Best Evaluated Bid or Bids 10.1 The bid with the lowest evaluated price, from among those which are eligible, compliant and substantially responsive shall be the best evaluated bid.

  • The bid achieving the highest combined technical and financial score shall be the Best Evaluated Bid.

  • Award of Contract (Contract will be awarded to the Best Evaluated Bid).

  • Determination of Best Evaluated Bid or Bids Standard Bidding Document for Framework Contracts for Supplies and Services Issued by PPDA………..

  • Best Evaluated Bid: The best evaluated bid shall be the firm with the highest combined score and shall be recommended for award of contract.

  • Best Evaluated Bid: The best evaluated bid shall be the lowest priced quotation, which is eligible and technically compliant.

  • The lowest-evaluated bid determined from this last comparison shall be selected for the award.10.Determination of Best Evaluated Bid or Bids10.1 The bid with the lowest evaluated price, from among those which are eligible, compliant and substantially responsive shall be the best evaluated bid.

  • Following methodology will be used for assessing the Best Evaluated Bid: X = A + B Where,X = Net OutcomeA = Marks obtained in Technical Evaluation B = Marks obtained in Financial EvaluationThe offer with highest Net Outcome will be considered as the Best Evaluated Bid.INTEGRITY PACT / DISCLOSURE CLAUSE (To be submitted on Company’s Letterhead) Declaration of Fees, Commissions and Brokerage Etc.

  • Combined Score2.4 The combined technical and financial proposal (CS) shall be calculated in the following manner, namely: CS = TSw + FSw. 2.5 Bid obtaining maximum combined score shall be declared as the Best Evaluated Bid and the Consultants offering the Best Evaluated Bid shall be declared as the successful Bidder and issued Letter of Acceptance, containing invitation for contract negotiation.


More Definitions of Best Evaluated Bid

Best Evaluated Bid means the highest ranking bid in accordance with the evaluation criteria set forth in the bid solicitation documents.
Sample 1
Best Evaluated Bid means, in the case of Public Private Partnership Projects, a bid that attains the highest score under criteria laid down in Rule 84 of the SPP Rules, read with the respective bidding documents.
Sample 1

Related to Best Evaluated Bid

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Bid with Lowest Evaluated Cost means the bid quoting lowest cost amongst all those bids evaluated to be substantially responsive;

  • Demand Bid means a bid, submitted by a Load Serving Entity in the Day-ahead Energy Market, to purchase energy at its contracted load location, for a specified timeframe and megawatt quantity, that if cleared will result in energy being scheduled at the specified location in the Day-ahead Energy Market and in the physical transfer of energy during the relevant Operating Day.

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Interested Bidder means any person or persons who have submitted the Request Letter for Participation along with signed Bid Form, notarized affidavit, signed Declaration, requisite Earnest Money and other necessary documents to complete the eligibility check formalities to the satisfaction of the Liquidator.

  • Qualified Bidder As defined in Section 7.01(c).

  • Proposal Due Date means the date and time specified in the Proposal Invitation, or any addenda thereto, by which Vendors are required to submit Proposals for this Proposal Invitation.