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 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.
Examples of L1 in a sentence
The firm with lowest quote for the entire cluster shall be declared as L-1 vendor for that cluster.
More Definitions of L1
L1 means the lowest technically accepted tender / bid / quotation (i.e. lowest landed cost including duties, taxes and freight & Insurance).
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 lowest tender or lowest bid or the lowest quotation received in this tender, bidding process or other procurement solicitation as adjudged in the evaluation processas per the tender or other procurement solicitation . f) 'Margin of purchase preference ' means the maximum extent to which the price quoted by a local supplier may be above the L1 for the purpose of purchase preference.
L1 means the bidder whose tender is the lowest.