LCBS definition

LCBS means Least Cost Based Selection.

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Examples of LCBS in a sentence

• A successful bidder will be selected on the basis of Least cost based (LCBS) method of evaluation.

• The selection method is Least Cost Based Selection (LCBS or L1) item-wise.

• Selection Method shall be Least Cost Based Selection (LCBS) which shall be evaluated based on the cumulative lowest rate in the financial bid.

• Selection Method shall be Least Cost Based Selection (LCBS) which shall be evaluated based on the total value of the financial bid.

• The selection method is Least Cost Based Selection (LCBS) - L1 i.e. the lowest evaluated technically responsive bid.

• Selection Method shall be Least Cost Based Selection (LCBS) as per the total value of the financial bid.