lowest evaluated tender definition

lowest evaluated tender means a tender which is determined to be the most economic after evaluating all terms and conditions of a tender including price and other associated costs;
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lowest evaluated tender means the tender that has been ranked lowest using criteria in addition to price that are quantified in monetary terms for the procurement of materials, services and construction;
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Related to lowest evaluated tender

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

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

  • Total Open-End Mutual Fund Average Net Assets means the average of all of the determinations of the aggregate net assets of all open-end funds sponsored by ▇▇▇▇▇▇ Management (excluding the net assets of such funds investing in, or invested in by, other such funds, such as ▇▇▇▇▇▇ RetirementReady® Funds and ▇▇▇▇▇▇ Money Market Liquidity Fund, to the extent necessary to avoid "double-counting" of such net assets) at the close of business on each business day during each month while the Management Contract is in effect.

  • Approved tenderer means the tenderer who is approved by the Employer.

  • Open Market Adjustment Amount shall have the meaning specified in Section 2(I).