Most Economically Advantageous Tender means the Tender offer that is most economically advantageous from the Council’s point of view having regard to the subject matter of the contract and may include matters such as quality, price, technical merit, aesthetic and functional characteristics, environmental characteristics, running costs, cost effectiveness, after-sales service, technical assistance, delivery date and delivery period or period of completion and other matters (as may be considered appropriate in relation to any particular contract).
Most Economically Advantageous Tender means the tender offer that is most economically advantageous from THA's point of view having regard to the subject matter of the contract and including matters such as:
Most Economically Advantageous Tender. (MEAT) means criterion which enables the Council to take account of criteria that reflect qualitative, technical and sustainable aspects of the tender submission as well as price when reaching an award decision
Examples of Most Economically Advantageous Tender in a sentence
At least two bona fide tenders must be received and the Most Economically Advantageous Tender accepted.
At least two compliant tenders must be received and the Most Economically Advantageous Tender must be accepted.
Where no Framework Arrangements are available competitive quotations in writing on the basis of Most Economically Advantageous Tender should be sought, or a commercial negotiation with one preferred Contractor may take place.
Under normal circumstances the School will award to the supplier quoting the lowest price or the Most Economically Advantageous Tender (MEAT).
Price / Quality – where a price quality split is stipulated, the supplier who ranks highest over-all shall be awarded the Contract, this is otherwise known as the Most Economically Advantageous Tender (M.E.A.T).
More Definitions of Most Economically Advantageous Tender
Most Economically Advantageous Tender means that giving maximum value for money over the lifetime of the contract for the goods, services or works delivered thereby, taking into account all material matters, visible or invisible, including but not being limited to quality and price. Other than “lowest price” it is the only acceptable means of deciding upon which tenderer should be awarded a contract in terms of the public procurement regulations. It must be noted that in assessing the most economically advantageous tender, the costs taken into account must be material to the purposes of the contract. In other words, the cost must bear upon a significant measurable characteristic of the requirement being procured
Most Economically Advantageous Tender means the best value for money tender based on the optimum combination of price and quality, not simply price alone;
Most Economically Advantageous Tender means that tender or quotation which when taking into account a number of criteria including but not limited to price, quality, delivery, technical merit and compatibility, functionality, support and overall cost effectiveness, affords the Council the most economically advantageous solution.
Most Economically Advantageous Tender means the most economically advantageous tender to the Council determined by criteria which may include quality, price, technical merit, aesthetic and functional characteristics, environmental characteristics, running costs, cost effectiveness, after sales, technical assistance, delivery date and delivery period and period of completion.
Most Economically Advantageous Tender means the most economically advantageous tender assessed from the point of the view of the Trust, as further defined in the Regulations.
Most Economically Advantageous Tender means the tender offer that is most
Most Economically Advantageous Tender. (MEAT) means that tender giving optimum value for money over the lifetime of the contract for the goods, services or works delivered thereby, taking into account all material matters on the basis of the best price-quality ratio. It is the only acceptable contract award criteria in terms of the Public Procurement Regulations and, in accordance with Scottish Government guidance, should also apply to Regulated Contracts. http://www.gov.scot/Resource/0049/00496919.pdf (section 5.7.1)