Evaluated Bid definition

Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive and additives selected by the City that will result in a weighed reduction based on that Respondent’s percentage of SBE participation, as defined by formula set forth in this chapter or in the SBE Regulations adopted pursuant to this chapter.
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Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive
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Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive and additives selected by the City that will result in a weighed reduction based on that Respondent’s
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Examples of Evaluated Bid in a sentence

  • Subject to Clause 32, the Employer will award the contract to the bidder whose bid has been determined to be substantially responsive to the bidding documents and who has offered the lowest Evaluated Bid Price pursuant to Clause 29, provided that such bidder has been determined to be (a) eligible in accordance with the provisions of Sub-Clause 3.1, and (b) qualified in accordance with the provisions of Clause 4.

  • Subject to Clause 31, the Employer will award the contract to the bidder whose bid has been determined to be substantially responsive to the bidding documents and who has offered the lowest Evaluated Bid Price pursuant to Clause 19, provided that such bidder has been determined to be (a) eligible in accordance with the provisions of Sub-Clause 3.1, and (b) qualified in accordance with the provisions of Clause 4.

  • When applying such discounts, the POD shall use the following scale as a basis to determine the lower bidder using the following formula: Bid Price X Discount = Evaluated Bid Price (EBP).

  • Criteria 28.1 Subject to ITB Clause 30, the Purchaser will award the contract to the successful Bidder whose bid has been determined to be substantially responsive and has been determined to be the Lowest Cost Based Evaluated Bid, provided further that the Bidder is determined to be qualified to perform the contract satisfactorily.

  • If the Bid, which results in the lowest Evaluated Bid Price, is seriously unbalanced or front loaded in the opinion of the Employer, the Employer may require the Bidder to produce detailed price analyses for any or all items of the Price Schedules, to demonstrate the internal consistency of those prices with the methods and time schedule proposed.

  • If in the opinion of the Employer the bid which results in the lowest Evaluated Bid, is seriously unbalanced or front loaded or substantially below the Employer’s estimates, the Employer may require the Bidder to produce detailed price analyses for any or all items of the Schedules, to demonstrate the internal consistency of those prices with the methods and schedule proposed.

  • If the Bidder with the Lowest Evaluated Bid does not accept the correction of errors, the bid shall be rejected.

  • For the purpose of comparative evaluation of bids received, the Corrected „Bid Total Lump Sum Price‟ in accordance with clause 4.2.4.1above in respective currencies shall be considered to determine the inter- se position of the Bidders and for determination of the „Lowest Evaluated Bid Price‟ Bidders shall note that „Lowest Evaluated Bid Price (L1)‟, shall be the sole criteria for determination of inter-se position of the bidders.

  • Post­qualification 31.1 The Procuring Entity will determine at its own cost and to its satisfaction whether the Bidder (including Joint Venture Partners, and any Subcontractors for which the BDS for ITB Clause 6.1 (a) permits that their qualifications count towards the required Bidder qualifications) that is selected as having submitted the Lowest Evaluated Bid is qualified to perform the Contract satisfactorily, in accordance with ITB Clause 6.

  • For Competitive Sealed Bids the Contract will be awarded in accordance with Commission Procurement Regulations §4-202 to the responsive and responsible Bidder who submits the lowest Bid price or lowest Evaluated Bid Price, as appropriate, and for Multi-Step Sealed Bids, the Contract will be awarded to the most responsive and responsible Bidder, who offers the lowest price or lowest Evaluated Bid Price, in conformance with the Invitation for Bids.

Related to Evaluated Bid

  • Selected Bidder means the bidder who has been selected by DMRC, pursuant to the bidding process for award of license.

  • 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.