Final Price Offer means [per cent of Value of Mineral Despatched], based on which the Successful Bidder was declared successful in the tender process for the Lease Area. The “Value of Mineral Despatched” being an amount equal to the product of,- (i) mineral despatched in a month; and (ii) sale price of the mineral (grade-wise and State- wise) as published by Indian Bureau of Mines for such month of despatch.
Final Price Offer at any point of time shall mean the lowest price that has been submitted during the reverse auction by a Qualified Bidder.
Final Price Offer at any point of time shall mean the lowest price that has been submitted during the e-tender process by a Technically Qualified Bidder.
Examples of Final Price Offer in a sentence
A Qualified Bidder will be able to put its Final Price Offer after the start of bid time and till the close time of electronic auction.
In the event that no further Final Price Offer is received till 1:09 pm, the electronic auction will close at 1:09 pm.
Again if a Final Price Offer is received at 1:01 pm, the scheduled close time shall be revised to 1:09 pm and so on.
During this process, the Qualified Bidder will be able to submit its Final Price Offer as many times as it wishes against the same mineral block.
The Qualified Bidder will be able to see the prevailing highest Final Price Offer against the mineral block, but the name of the highest Qualified Bidder at any point of time will not be displayed.
More Definitions of Final Price Offer
Final Price Offer at any point of time shall mean the lowest price that has been submitted during the Reverse Auction by a Technically Qualified Bidder who is eligible to participate in the Reverse Auction;
Final Price Offer means [per cent of Value of Mineral Dispatched], based onwhich the Successful Bidder was declared successful in the tender process for the Lease Area. The “Value of Mineral Dispatched” being an amount equal to the product of - (i) mineral Dispatched in a month; and (ii) sale price of the mineral (grade-wise and State- wise) as published by Indian Bureau of Mines for such month of despatch.
Final Price Offer at any point of time shall mean the highest price that has been submitted during the Forward auction by a Qualified Bidder.
Final Price Offer means the financial offers (in terms of revenue share payable to HBL) submitted by respective Qualified Bidders on the e-auction portal of the Service Provider pursuant to the auction process as per Clause 7.1.3 of this Tender Document.
Final Price Offer means [XXXXXX] percentage share of revenue payable to the HCL per Tonne of MIC, based on which the Successful Bidder was declared successful in the tender process.
Final Price Offer means the lowest Composite Mining Fee quoted by the Qualified Bidders during the Reverse Auction process.
Final Price Offer at any point of time shall mean the lowest price that has been submitted by a Qualified Bidder.