Least cost definition

Least cost means the Energy, Spin and Regulation produced by a Generation Resource with the lowest total Production Cost. 
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Least cost means the incurring reasonable costs necessary for pursuing the licensed activity.
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Least cost means an alternative transportation solution that delivers similar benefits to conventional solutions, such as demand management instead of facility expansion.
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Examples of Least cost in a sentence

  • Tenders for this contract will be assessed in accordance with the Least Cost Based Selection (LCBS) system.

  • Other methods such as Fixed Budget Selection (FBS), Quality Based Selection (QBS), and Least Cost Selection (LCS) shall be made available through the Legal Agreement irrespective of the amount.

  • Consulting ServicesMethodsValue Threshold*Review ArrangementsConsulting Services (Firms)i) Quality and Cost Based Selection (QCBS)ii) Quality Based Selection (QBS)iii) Selection based on a Fixed Budget (FBS)iv) Selection Based on Least Cost Basis (LCS)v) (Selection based on Consultant’s Qualification (CQ) First QCBS Contract irrespective of value and all subsequent contracts valued above US$ 500,000 will be subject to Prior Review by the World Bank.

  • Bidder would be selected on the basis of Least Cost Based Selection Method (LCBS) i.e. L1 method as specified in “Financial Evaluation Criteria” of clause titled “Evaluation & Tabulation of Financial Bids”, wherein an eligible bidder with adequate technical competence and the most competitive (lowest or L1) rates / quote would be selected for the implementation of the project.

  • The selection method is Least Cost Based Selection (LCBS) i.e. L1 basis.

  • Consulting ServicesMethodsValue Threshold*Review ArrangementsConsulting Services (Firms)i) Quality and Cost Based Selection (QCBS)ii) Quality Based Selection (QBS)iii) Selection based on a Fixed Budget (FBS)iv) Selection Based on Least Cost Basis (LCS) All contracts valued above US$ 1 Million will be subject to Prior Review by the World Bank.

  • The selection of Bidder will be based on Least Cost Selection Method through Single Stage Two Envelopes bidding procedure.

  • Consulting ServicesMethodsValue Threshold*Review ArrangementsConsulting Services (Firms)i) Quality and Cost Based Selection (QCBS)ii) Quality Based Selection (QBS)iii) Selection based on a Fixed Budget (FBS)iv) Selection Based on Least Cost Basis (LCS) All Consultancy contracts valued above US$ 1 Million will be subject to Prior Review by the World Bank.

  • The financial bids in respect of such firms shall be opened and the order of priority as among these firms shall be determined on the basis of a weighted technical and financial evaluation on Quality Cost Based Selection basis or on Least Cost basis subject to Technical qualification.

  • AWARD CRITERIA Contract shall be awarded to Least Cost quoted by the eligible bidder.


More Definitions of Least cost

Least cost means lowest cost;
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Least cost means only what is the lowest dollar cost – the language in Section 8-406.1
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Least cost means the Energy, Spin and Regulation produced by a Generation Resource with the lowest total Production Cost.
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Least cost means using the lowest cost resource66 to meet the next unit of demand in the relevant period, whether a half hour, hour, day, week, season, year or beyond67.
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Least cost means using the lowest cost resource to meet the next unit of demand in the relevant period, whether a half hour,
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Related to Least cost

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of Applicable Requirements, and without deduction for depreciation.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Original Cost means the total amount paid to purchase a security, including any transaction charges related to the purchase;