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

Non-execution of supply order - For the reasons of failure to supply partially or completely within 30 days, if the Procurement cell has to buy the items from the RC 2 (L-2), RC 3 (L-3) or approved local vendor firm, the rate difference in cost will be recovered from XX xxxxxx i.e. L1 /Billing Agency as appointed by the Rate Contract Holder.
If the L1 bidder quoted price is reasonable then the full quantity could be ordered on L1.
When it is clearly felt that L1 cannot supply the total quantity in the required time schedule or in the opinion of the purchaser it is undesirable to depend on one supplier.
Considering other than L1 would be limited to the following cases only.
In case of reverse tendering, after L1 finalization if there is any balance quantity available the same may be allotted to the other responsive bidders at the discretion of the CMD.

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 means the lowest tender or lowest bid received in response to this tender.

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 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 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.