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 lowest technically accepted tender / bid / quotation (i.e. lowest landed cost including duties, taxes and freight & Insurance).
Examples of L1 in a sentence
L-1 Job-sharing arrangements shall be voluntary for all participants.
LIMITED, a company registered in England under number 04356933 having its registered office at Rail House, Lord Nelson Street, Liverpool, Merseyside L1 1JF (the “Train Operator”).
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 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 lowest tender or lowest bid received in response to this tender.
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”.