Abnormally low tender definition

Abnormally low tender means most economically advantageous tender as a result of e-auction with price (discounted price) which is more than 40 % less than the average value of the other tenders at the initial stage of the auction and / or is more than 30 % less than the next best tender as result of conducted e-auction. An abnormal low tender is determined automatically by the electronic procurement system, provided that there are not less than two participants that have submitted their tenders includes within lots;
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Abnormally low tender means the tender price that is so low that it causes doubts in the contracting authority about the ability for carrying out the public contract;
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Abnormally low tender means, in the light of the PE’s estimate and of all the Tenders submitted, the Tender appears to be abnormally low by not providing a margin for normal levels of profit. 42. Unbalanced or Front Loaded Tenders 42.1 If the Tender that is evaluated as the lowest evaluated cost is, in the PEs opinion, seriously unbalanced or frontloaded the PE may require the Tenderer to provide written
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Examples of Abnormally low tender in a sentence

  • After the third round, the final results of the eAuction are published with a simultaneous disclosure of the names/titles of tenderers.NB! Abnormally low tender.

  • An Abnormally low tender is a tender whose price is considered significantly lower than most of or the average of all tenders in the same procurement procedure.

  • The European Union defines those bids as Abnormally Low Tenders(Bedford, 2009).An Abnormally low tender is a tender whose price is considered significantly lower than most of or the average of all tenders in the same procurement procedure.

  • JEL classification: C92; D44; L15Key words: Public procurement; First-price auction; Experiment; Abnormally low tender; Endogenous minimum price *Corresponding author: k-akai@iser.osaka-u.ac.jp, Institute of Social and Economic Research, Osaka University, 6-1 Mihogaoka, Ibaragi, Osaka 5670047, Japan.

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