L1 definition

L1 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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L1 means the Bidder who has quoted lowest price in the Reverse Auction process.

L1 means the lowest technically accepted tender / bid / quotation (i.e. lowest landed cost including duties, taxes and freight & Insurance).

Examples of L1 in a sentence

• Any weekend support, including L1 severity, requires Platinum level support.

• MEMORANDUM: - At the sale by Public Auction this 03rd day of June 2025, of the property comprised in the foregoing particulars that is to say the rights, title, interest and benefits in relation to the property identified as Parcel No. D-37-17, Storey No. 37 (Type E), Building No. D with Accessory Parcel Car Park Bay No. L1-21, at Car Park Level No. L1, Residensi MH Platinum 2 and bearing postal address at Unit No. D-37-17, ▇▇▇▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇▇ ▇, ▇▇.

• If Class-I Local supplier is also not eligible or does not accept then contract be awarded to L1.

• L-1 is "MSE but non-Class-l local supplier" or "Non-MSE but Class-I local supplier": Contract be awarded to L-1.

• L1 bidder will be considered for further processing for placement of order in line with tender clause 17 (Purchase Preference to Make in India).

More Definitions of L1

L1 means the bidder whose price as per the commercial bid / Reverse Auction is the lowest.

L1 means the lowest tender or lowest bid received in response to this tender.

L1 bid means the lowest tender or lowest bid or 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. MDL reserves right to negotiate with evaluated L1 bidders on the quoted prices as the need be.

L1 means the lowest tender or lowest bid or the lowest quotation received in this tender, bidding process or other procurement solicitation as adjudged in the evaluation processas per the tender or other procurement solicitation . f) 'Margin of purchase preference ' means the maximum extent to which the price quoted by a local supplier may be above the L1 for the purpose of purchase preference.

L1 means the Tenderer whose tender is the lowest;

L1 means the bidder whose tender is the lowest.

L1 means the lowest tender or lowest bid or lowest quotation received ina tender, bidding process or other procurement solicitation, as adjudgedin the evaluation process as per the tender or other procurementsolicitation.