L-1 Bidder definition
Examples of L-1 Bidder in a sentence
Taxes are excluded for the purpose of ranking of price bids to determine L1 Bidder.
In case the L-1 Bidder backs out or fail to complete the work as per the rates quoted, SBIIMS shall at liberty to take action as deemed necessary including de-paneling such contractors and forfeiting their EMD.
Upon notification of award to the L1 Bidder, the Bank will promptly notify the award of contract to the successful Bidder on the Bank’s website.
The negotiated rates of this L1 Bidder would then be counter offered to all bidders (except highest bidder i.e. H1) other than L1 bidder simultaneously.
TENDERER may negotiate the prices with L1 Bidder, under each item/head offered by Bidder.
The L1 Bidder will be selected on the basis of net total of the price evaluation as quoted in the Reverse Auction/Techno Commercial Evaluation, as the case may be.
The L1 Bidder (lowest Percentage (%) of Service Charge on estimated SoR) shall be put up for starting e-Reverse Auction.
Successful L1 Bidder shall provide the online complain registration for across the state of rajasthan and SLA monitoring module on which the complaints are to be lodged.
Prior to the expiration of the period of bid validity, the STATE IMPLEMENTING AGENCY, DEPARTMENT OF ANIMAL HUSBANDRY & VETERINARY will notify the successful L1 Bidder in writing by registered letter or by email, to be confirmed in writing by registered letter, that its bid has been accepted.
In case the L-1 Bidder backs out or fail to complete the work as per the rates quoted, SBIIMS shall at liberty to take action as deemed necessary including de-panelling such contractors and forfeiting their EMD.