Lowest Evaluated Bid definition

Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids
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Lowest Evaluated Bid means a bid most closely conforming to evaluation criteria and other conditions specified in the bidding document, having lowest evaluated cost.
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Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids / a bid most closely conforming to evaluation criteria and other conditions specified in the bidding document, having lowest evaluated cost.
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Examples of Lowest Evaluated Bid in a sentence

  • We understand that you are not bound to accept the Lowest Evaluated Bid or any other Bid that you may receive.

  • We understand that you are not bound to accept the Lowest Evaluated Bid or any other Bid that you may receive.Name: In the capacity of: Signed: Duly authorized to sign the Bid for and on behalf of: Date: Form of Contract Agreement THIS AGREEMENT, made this [insert date] day of [insert month], [insert year] between [name and address of PROCURING ENTITY] (hereinafter called the“Entity”) and [name and address of Contractor] (hereinafter called the “Contractor”).

  • If the Lowest Evaluated Bid from Group A, in such further comparison is the lowest, it shall be selected for the award.

  • If the Bidder with the Lowest Evaluated Bid does not accept the correction of errors, the bid shall be rejected.

  • If a prequalification process was undertaken for the Contract(s) for which these Bidding Documents were issued, the Purchaser will determine in the manner described above that no material changes have occurred after the prequalification that negatively affect the ability of the Bidder that has submitted the Lowest Evaluated Bid to perform the Contract.


More Definitions of Lowest Evaluated Bid

Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids, as defined in clause (hh);
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Lowest Evaluated Bid means a bid most closely conforming to the evaluation criteria and other conditions specified in the bidding documents and having lowest evaluated cost.
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Lowest Evaluated Bid means a bid which is determined to be the most economic after evaluating all terms and conditions of the bid including cost but not necessarily price. For goods and equipment other factors that may be taken into account in assessing the Lowest Evaluated Bid are listed in Paragraph 2.52 of these Rules.
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Lowest Evaluated Bid means a Bid most closely conforming to evaluation criteria and
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Lowest Evaluated Bid means a bid which is substantially responsive and offers the lowest price.
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Lowest Evaluated Bid means a bid most closely conforming to evaluation criteria and other conditions specified in the bidding documents; and
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Lowest Evaluated Bid means the bid which offers the best value for money, evaluated on the basis of various objective criterions set out in the bidding document. It does not necessarily mean the “lowest quoted price”.
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