Lowest cost definition

Lowest cost in relation to a tender means the lowest price if payment is to be made by the Council and the highest price if payment is to be made to the Council and, in either case, refers to a tender which conforms to the Council's tendering requirements.
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Lowest cost means the lowest cost for a specific item.
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Lowest cost interchangeable drug” awarded in homes where employees have drug card. Surgical Stockings (SIENNA) Cap introduced effective thirty days following issue of award of $600 annually for surgical stockings/compression garments. Housekeeping The parties have agreed to make any necessary housekeeping changes. Retroactivity Retroactive payments, as applicable, to be made as quickly as practicable by separate check/separate identifiable notice of deposit.
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Examples of Lowest cost in a sentence

  • Lowest cost item necessary to meet your needs.Sharp Health Plan reserves the right to determine if covered DME will be purchased or rented.

  • Award Criteria Lowest cost offer positively fulfilling the parameters stipulated in the bid evaluation criteria outlined above.

  • Lowest cost item necessary to meet the Member’s needs.Sharp Health Plan reserves the right to determine if covered DME will be purchased or rented.

  • Lowest cost bronze plan does not cover all individuals included in the taxpayer’s nonexempt family.

  • Financial – Lowest cost bidder in each item Mandatory Requirement The bids shall undergo a general evaluation process in order to determine bid compliance to the following mandatory requirements.

  • Lowest cost item necessary to meet the Member’s needs.Medically Necessary repair or replacement of DME is covered when prescribed by a Plan Physician or ordered by a licensed health care provider acting within the scope of his/her license, and when not caused by misuse or loss.

  • Oral contraceptives may be prescribed in 90-day quantities.b. Oral solid forms of covered nonprescription items shall be prescribed and dispensed in a minimum quantity of 100 units per prescription or the currently available consumer package size except when dispensed via a unit-dose system.78.2(7) Lowest cost item.

  • Lowest cost will be decided upon lowest process quoted for each lines / items.

  • Other proposal will be awarded proportionate points as per the formular: Lowest cost X 30 Proposal’s cost Over ranking: The overall ranking will be computed as follows:0.7 x points score on technical + points score on financial proposal.

  • The County has established the following formula to evaluate cost proposals for Request for Proposals (RFP): Lowest cost submittedEach successive cost X Points allocated for cost in RFP = Cost proposal score 3.5 COST PROPOSAL FORMAT AND CONTENTThe Cost Proposal shall be provided in a separate sealed envelope.


More Definitions of Lowest cost

Lowest cost. Response shall mean any compliance activity or any investigation, cleanup, remediation, removal action or other response activity that (1) satisfies applicable Environmental Laws that are in existence at the time of the contemplated activity, (2) is acceptable to Governmental Authorities having jurisdiction over the site, (3) is consistent with the operations being conducted at the site, and (4) can be achieved for the lowest financial cost as compared with other potential response activities.
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Lowest cost means the least costly rate per type of trip, including dispatch charges, vehicle maintenance, etc.
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Related to Lowest cost

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement and, if any, premium costs on other school authority financial statements for the year not ending later than August 31, 2015. The statements are to be provided to the Ministry of Education.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Equipment Cost means, for each Unit, the purchase price therefor -------------- paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Full Replacement Cost as used herein shall mean the actual replacement cost of the Leased Property requiring replacement from time to time including an increased cost of construction endorsement, if available, and the cost of debris removal. In the event either party believes that full replacement cost (the then-replacement cost less such exclusions) has increased or decreased at any time during the Lease Term, it shall have the right to have such full replacement cost re-determined.

  • Salvage value means the amount received for property retired, less any expenses incurred in connection with the sale or in preparing the property for sale, or, if retained, the amount at which the material recoverable is chargeable to materials and supplies, or other appropriate account.

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Project Cost means the costs incurred in connection with the

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Cost Basis means (i) for cash, the dollar amount deposited, and (ii) for the other Permitted Investments, the amount paid, excluding accrued interest, by the holder to buy the United States Treasury Securities or the Money Market Fund shares. These amounts may also be known as the tax basis, book value, or tax cost basis.

  • Carrying Cost means book value of the assets and interest accrued thereon but not received;

  • Broken Amount means, in respect of any Interest Payment Date, the amount specified in the relevant Final Terms.

  • Bid with Lowest Evaluated Cost means the bid quoting lowest cost amongst all those bids evaluated to be substantially responsive;

  • Full cost means the cost of providing service plus a reasonable charge for administrative overhead;

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Maximum allowable cost means the maximum amount that a pharmacy benefit manager will reimburse a pharmacy for the cost of a drug.

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Principal Loss Amount With respect to each Payment Date, the sum of: (a) the aggregate amount of Credit Event Net Losses for all Credit Event Reference Obligations for the related Reporting Period; (b) the aggregate amount of court-approved principal reductions (“cramdowns”) on the Reference Obligations in the related Reporting Period; (c) subsequent losses on any Reference Obligation that became a Credit Event Reference Obligation on a prior Payment Date; and (d) amounts included in the second, fourth, seventh, eighth and tenth priorities set forth in Section 3.03(f) hereof.