Lowest Evaluated Bidder definition

Lowest Evaluated Bidder means a Bidder who has submitted the Lowest Evaluated Bid;
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Lowest Evaluated Bidder. The one technically qualified bidder with lowest financial bid, who has the probability of award of contract subject to necessary approvals and applicable policies.
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Examples of Lowest Evaluated Bidder in a sentence

  • The Tender will be awarded to the Lowest Evaluated Bidder who has been declared Technically Qualified.

  • Lowest Evaluated Bidder is going to be the criteria for award of contract rather than considering the lowest bid offered, encompassing the lowest whole sum cost which the Procuring Agency has to pay for the services/items during contract period.

  • The Tender will be awarded to the Lowest Evaluated Bidder (item wise) who has been Declared Technically Qualified.

  • Bid Security of the Lowest Evaluated Bidder shall be retained by the Procuring Agency until furnishing of the Performance Guarantee.

  • If the Lowest Evaluated Bidder to whom letter of award has been issued, fails to sign the Agreement within the stipulated time.

  • Agreement shall be awarded to the Lowest Evaluated Bidder after completion of all legal/codal formalities.

  • The Tender will be awarded to the Lowest Evaluated Bidder (item wise) who has been declared Technically Qualified.

  • Definitions (GCC Clause 1) GCC 1.1 (g)—The Purchaser is: Project Implementation Unit – Provincial Disaster Management Authority (PIU-PDMA) GCC 1.1 (h)—The Purchaser’s country is: Pakistan GCC 1.1 (i)—The Supplier is: Technically Responsive & Lowest Evaluated Bidder.

  • Lowest Evaluated Bidder shall be a Technically Qualified Bidder with approved sample inspection and Lowest Evaluated Bid.

  • The Contract will be awarded to the Lowest Evaluated Bidder, the Employer will promptly notify other Consultants on the shortlist that they were unsuccessful and return the Financial Proposals of those Consultants who did not pass the technical evaluation.

Related to Lowest Evaluated Bidder

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Evaluated Bid means a Bid that factors each Respondent’s Base Bid including any alternates, deductive and additives selected by the City that will result in a weighed reduction based on that Respondent’s percentage of SBE participation, as defined by formula set forth in this chapter or in the SBE Regulations adopted pursuant to this chapter.

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

  • 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.

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

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

  • Submitted Bid has the meaning specified in Section 11.10(d)(i) below.

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

  • 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.

  • Gross combination weight rating means the value specified by the manufacturer as the loaded weight of a combination or articulated vehicle;

  • Highest Closing Price means the highest closing price for shares of Substitute Common Stock within the six-month period immediately preceding the date the Substitute Option Holder gives notice of the required repurchase of the Substitute Option or the Substitute Share Owner gives notice of the required repurchase of the Substitute Shares, as applicable.

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

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

  • 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 PPA.

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

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

  • Technically Qualified Bidder means a Bidder whose Techno-Commercial Bid is responsive and meets the requirements to the satisfaction of OMC as per terms and condition of the Bid document and is qualified for opening of its Price Bid;

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

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

  • Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • 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;

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

  • Average Trading Price means, with respect to any period, the average of the Market Prices on the last trading day of each full or partial calendar quarter included within such period.

  • Applicable Stock Price means, in respect of a Conversion Date, the average of the Closing Sale Prices per share of Common Stock over the five-Trading Day period starting the third Trading Day following such Conversion Date.

  • Best Bid means the highest posted bid price of the Common Stock.

  • Quotes Base means Quotes Flow information stored on the Server.