Examples of Lowest price in a sentence
Evaluation of technical and financial proposals Evaluation will be based on: ☐ Lowest price method (selects the lowest evaluated financial proposal of the technically responsive Proposers) ☒ Combined scoring method using a distribution of 70%-30%.
Lowest price received against BHEL tenders need not be the technically acceptable one and in that case BHEL reserves the right not to consider the same.
Lowest price will not be the sole criteria; quality, capacity of the vendor, delivery time and previous relevant experience will also be considered.
Financial score (F) : (Lowest price quote/Price quote of the bidder) *100 Cumulative score (C) : {80 *(T) + 20* (F)}/100 4.
On the basis of Lowest price offered by any firm (after fulfillment of terms & conditions, vendor evaluation form and required information of tender enquiry), contract may be awarded to L-1 firms.