L1 Bidder definition

L1 Bidder or “Selected Bidder” means the Qualified Bidder who is eligible to participate in the reverse auction and has submitted the lowest Final Price Offer at the conclusion of the reverse auction.
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L1 Bidder means the shortlisted bidder who quotes the lowest selling price/tariff per commercial unit (kWh) of electricity.
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L1 Bidder means the shortlisted Bidder who quotes the lowest Tariff per unit (kWh) of electricity per Location.
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Examples of L1 Bidder in a sentence

  • The L1 Bidder will be selected on the basis of net total of the price evaluation as quoted in the online price bidding or Reverse Auction (if conducted).

  • 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 depaneling such contractors and forfeiting their EMD..

  • 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.

  • The L1 Bidder will be selected on the basis of Total Amount quoted after correcting arithmetical mistakes if any in the price Bid.

  • All the financial Bids shall then be ranked according to the financial Bid in increasing order with the Bidder quoting the least amount ranked L1, Bidder quoting next higher figure as L2 and so on.

  • The bidder whose bid has been determined to be responsive and who quotes the lowest price will be treated as L1 Bidder.

  • EMD of the L1 Bidder of the tenders of the State Government Offices will automatically get transferred from the Pooling account to the State Government Deposit Head’8443-00-103-001-07’ through GRIPS along with the bank particulars of the L1 bidder.

  • The L1 Bidder will be selected on the basis of net total of the price evaluation as quoted in the Online Percentage rate bidding or Reverse Auction (if conducted).

  • The successful Bidder (also referred to as the L1 Bidder) shall be determined as per the provisions of this Section – II and considered for award of contract as provided in ITB Clause 30.

  • The L1 Bidder shall ensure that the equipment/application/software supplied under the RFP shall be complacent with the ISP and CSP at all times.


More Definitions of L1 Bidder

L1 Bidder or “Selected Bidder” means the technically Qualified Bidder who has submitted the lowest Price Offer in the e-tender process.
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Related to L1 Bidder

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Tenderer/Bidder means the firm or Company (hereinafter called Tenderer/ Bidder) who duly submits the tender after accepting all the terms & conditions of the tender document.

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

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

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Eligible bidder means a person who is:

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

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • Bidder means the legal entity which submits a Bid for consideration by City in accordance with the Invitation For Bid.

  • Bidder/Bidding Company means Bidding Company submitting the Bid. Any reference to the Bidder includes Bidding Company / including its successors, executors and permitted assigns as the context may require;

  • Selected Bidder or Successful Bidder means the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;

  • Successful Bidder(s) means the bidder(s) to whom work in this tender is awarded.

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

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

  • Responsive bidder means a person who has submitted a bid that conforms in all material respects

  • Eligible Bidder(s) means Bidder(s) who are eligible in terms of this E-Auction Process Memorandum, provisions of IBC and provisions of the Liquidation Process Regulations;

  • 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.

  • Resident bidder means a bidder that has paid unemployment taxes or income taxes in this state during the 12 calendar months immediately preceding submission of the bid, has a business address in this state and has stated in the bid whether the bidder is a “resident bidder” under this paragraph.

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Base Bid means a Bid for Public Works to be performed or Supplies or Services to be furnished under a City Contract, including additives, alternates, deductives, excluding force accounts, and taxes collected separately pursuant to Washington Administrative Code (“WAC”) 458-20-171.

  • Responsive Bidder or Offeror means a person who submits a bid or proposal which conforms in all material respects to the invitation for bids or request for proposals.

  • Competitive bidding means a transparent process for procurement of equipment, services and works in which bids are invited by the project developer by open advertisement covering the scope and specifications of the equipment, services and works required for the project, and the terms and conditions of the proposed contract as well as the criteria by which bids shall be evaluated, and shall include domestic competitive bidding and international competitive bidding;