Lowest Acceptable Bid definition
Lowest Acceptable Bid means the lowest price submitted which meets the requirements and specifications as set out in the bid request, minor deviations excepted,
Lowest Acceptable Bid means a bid that complies with all specifications and conditions of bidding and that has lowest price compared to other bids;
Lowest Acceptable Bid means the lowest price submitted which meets the requirements and specifications as set out in the Bid Request, with Minor Irregularities accepted;
More Definitions of Lowest Acceptable Bid
Lowest Acceptable Bid means the most cost efficient and effective bid and shall be the sum of all costs, including but not limited to, purchase price, all taxes, delivery, installation, warranty, life cycle cost, operating and disposal costs incurred for determining the lowest acceptable bid meeting the specifications.