L 1 definition

L 1 means the lowest tender or lowest bid or the lowest quotation received in a tender, bidding process or other procurement solicitation as adjudged in the evaluation process as per the tender or other procurement solicitation.
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L 1 means Bidder with lowest quote for the Services under the Tender.
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L 1. Employment” means all personal service performed for remuneration by an individual under any contract of hire, express or implied, written or oral, including service in interstate commerce, and service as an officer of a corporation.
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Examples of L 1 in a sentence

  • The terminology of the TFEU will be used throughout this decision.2 OJ L 1, 3.1.1994, p.

  • If the bidder withdrawing his bid is other than L 1, the tender process shall go on.

  • However, in the event of failure of such MSEs to participate in the tender process or meet the tender requirements and the L 1 price, the 4% quantity earmarked for MSEs owned by SC/ST entrepreneurs will be met from other participating MSEs.

  • In accordance with the above said notification, the participating Micro and Small Enterprises (MSEs) in a tender, quoting price within the band of L 1+15% would also be allowed to supply a portion of the requirement by bringing down their price to the L 1 price, in a situation where L 1 price is from someone other than an MSE.

  • In case such lowest eligible local supplier fails to match the L 1 price or accepts less than the offered quantity, the next higher local supplier within the margin of purchase preference shall be invited to match the L 1 price for remaining quantity and so on, and contract shall be awarded accordingly.


More Definitions of L 1

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L 1. Service Agreements "L-2"- List of Leased Personal Property BXXX OF SALE, ASSIGNMENT AND ASSUMPTION (National City Center; Cleveland, Ohio) FOR VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, the undersigned, CARLYLE/NATIONAL CITY ASSOCIATES, an Illinois general partnership ("SELLER"), hereby sells, transfers, assigns and conveys to BRE/CITY CENTER, LLC, a Delaware limited liability company ("BUYER"), the following:
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L 1 shall have the meaning set forth in the preamble hereof.
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L 1 shall have the meaning set forth in the recitals hereof.
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L 1. (with Noteholder executing and delivering only a separate release in the form of Exhibit “L-1” for each such TIC Borrower Release it receives) and “L-2” attached hereto, respectively.
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L 1. Dated: December 16, 2005
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L 1. Performance Goals’ means the measurable performance objectives, if any, established by the Committee for a Performance Period that are to be achieved with respect to a Stock Incentive granted to a Participant under the Plan. Performance Goals may be described in terms of (i) Company-wide objectives, (ii) objectives that are related to performance of the division, department or function within the Company or an affiliate in which the Participant receiving the Stock Incentive is employed or on which the Participant’s efforts have the most influence, or (iii) the Company’s performance relative to the performance by a company or group of companies selected by the Committee with respect to one or more Performance Goals established by the Committee.
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