Most Advantageous Bid means (i) a Bid for services that, after meeting the eligibility or qualification criteria, is found substantially responsive to the terms and conditions set out in the RFP Document and (ii) evaluated as the highest ranked Bid based on the quality and cost, as further specified in the RFP Document.
Most Advantageous Bid means (i) a Bid or proposal for goods, works or services that after meeting the eligibility or qualification criteria, is found substantially responsive to the terms and conditions as set out in the bidding or request for proposal documents; and (ii) evaluated as the highest ranked Bid or proposal on the basis of cost or quality or qualification or any combination thereof, as specified in the Bidding Documents or request for proposal documents which shall be in conformity with the selection techniques to be issued by the Authority;
Most Advantageous Bid means (i) a bid or proposal for services that after meeting the eligibility or qualification criteria, is found substantially responsive to the terms and conditions set out in the RFP Document; and
Examples of Most Advantageous Bid in a sentence
Most Advantageous BidThe Purchaser shall use the criteria and methodologies listed in Section 2 and 3 below to determine the Most Advantageous Bid.
The Contract will be awarded to a Bidder whose Bid found as the Most Advantageous Bid, i.e., a Bid attaining the highest combined weighted technical and financial score following the criteria set out in the RFP Document, subject to the Competent Authority's approval.
The Most Advantageous Bid is the Bid of the Bidder that meets the qualification criteria and whose Bid has been determined to be:(a) substantially responsive to the bidding document; and (b) the lowest evaluated cost.