Lowest Evaluated Bidder definition
Lowest Evaluated Bidder means a Bidder who has submitted the Lowest Evaluated Bid;
Lowest Evaluated Bidder means a bidder ranked as first, following the application of the specified evaluation methodology and criteria;
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.
Examples of Lowest Evaluated Bidder in a sentence
AWARD OF CONTRACT The Tender will be awarded to the Lowest Evaluated Bidder, if not in conflict with any other terms and conditions of the bidding document.
More Definitions of Lowest Evaluated Bidder
Lowest Evaluated Bidder in relation to procurement, means a bidder ranked as first, following the application of the specified evaluation methodology and criteria in the bidding document;