Examples of Lowest Compliant Bid in a sentence
Where a vendor has the Lowest Compliant Bid to a RFT or RFP or has the successful Bid in accordance with the evaluation methodology set out in a RFP, which Bid has been rejected due to the vendor’s failure to initial a legible change such as an erasure, strike out, white out, cross out or overwriting, within one business day of the City’s request, the vendor shall also be banned from competing for or being awarded any City Contract for a period of one year.
In such cases, the Discharger, Regional Water Board, State Water Board and USEPA shall agree on a lowest quantifiable limit, and that limit will substitute for the ML for reporting and compliance determination purposes.
The value of the Lowest Compliant Bid is in excess of the Council approved budget including any contingency allowance.
The evaluation method to be used in the selection of the successful Bidder under this solicitation will follow the Lowest Compliant Bid Competition.
Ratio of Importance = Tech/Mgt = 60 % - Price = 40 %Maximum Premium Paid = 15% of Lowest Compliant Bid.