Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids
Lowest Evaluated Bid means a bid most closely conforming to evaluation criteria and other conditions specified in the bidding document, having lowest evaluated cost.
Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids / a bid most closely conforming to evaluation criteria and other conditions specified in the bidding document, having lowest evaluated cost.
Examples of Lowest Evaluated Bid in a sentence
Such best evaluated bids from each group shall be compared with each other and if: (a) As a result of this comparison, a bid from Group A is the Lowest Evaluated Bid (LEB).
More Definitions of Lowest Evaluated Bid
Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids, as defined in clause (hh);
Lowest Evaluated Bid means a Bid most closely conforming to evaluation criteria and
Lowest Evaluated Bid means a bid which is determined to be the most economic after evaluating all terms and conditions of the bid including cost but not necessarily price. For goods and equipment other factors that may be taken into account in assessing the Lowest Evaluated Bid are listed in Paragraph 2.52 of these Rules.
Lowest Evaluated Bid means a bid most closely conforming to the evaluation criteria and other conditions specified in the bidding documents and having lowest evaluated cost.
Lowest Evaluated Bid means a bid most closely conforming to evaluation criteria and other conditions specified in the bidding documents; and
Lowest Evaluated Bid means the bid which offers the best value for money, evaluated on the basis of various objective criterions set out in the bidding document. It does not necessarily mean the “lowest quoted price”.
Lowest Evaluated Bid means a bid which is substantially responsive and offers the lowest price.