L1 definition

L1 means the lowest tender or lowest bid or the lowest quotation received in a tender, bidding process or other procurement solicitation as adjudged in the evaluation process as per the tender or other procurement solicitation.

L1 means the Bidder who has quoted lowest price in the Reverse Auction process.

L1 means the lowest technically accepted tender / bid / quotation (i.e. lowest landed cost including duties, taxes and freight & Insurance).

Examples of L1 in a sentence

• All costs associated with this CLIN shall correspond with the attached ERSC Cost Model (see Section J, Attachment L1).

• ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE 0001 1 Job AMOUNT Labor Years 1-3 CPIF All costs associated with this CLIN shall correspond with the attached ERSC Cost Model (see Section J, Attachment L1).

• FOB: Destination PSC CD: F108 AMOUNT NET AMT ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE 0004 1 Job AMOUNT Incentive Fee Pool- Years 1-3 CPIF This CLIN is included for all Incentive Fee proposed by the Contractor in accordance with paragraph C1.22 of the PWS and shall correspond with the attached ERSC Cost Model (see Section J, Attachment L1).

• L-1 EXHIBIT M-1 Payment Schedule..........................................................................................

• FOB: Destination PSC CD: F108 TARGET COST TARGET FEE TOTAL TGT COST + FEE MINIMUM FEE MAXIMUM FEE SHARE RATIO ABOVE TARGET SHARE RATIO BELOW TARGET ITEM NO SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE 1002 1 Job OPTION Cost Only- Reimbursables Years 4-6 COST All costs associated with this CLIN shall correspond with the attached ERSC Cost Model (see Section J, Attachment L1).

More Definitions of L1

L1 means the Tenderer whose tender is the lowest;

L1 means the bidder whose price as per the commercial bid / Reverse Auction is the lowest.

L1 means the lowest tender or lowest bid received in response to this tender.

L1 bid means the lowest tender or lowest bid or lowest quotation received in a tender, bidding process or other procurement solicitation as adjudged in the evaluation process as per the tender or other procurement solicitation. MDL reserves right to negotiate with evaluated L1 bidders on the quoted prices as the need be.

L1 means the bidder whose tender is the lowest.

L1 means the lowest tender or lowest bid or lowest quotation received ina tender, bidding process or other procurement solicitation, as adjudgedin the evaluation process as per the tender or other procurementsolicitation.

L1 means the lowest tender or lowest bid or lowest quotation received in tender as adjudged in the evaluation process as per the tender.Note: L1 price in tender shall be “tender evaluated ranked price”.