Lowest and best bid definition

Lowest and best bid means the same as under R.C. 307.86.
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Lowest and best bid means, in the sole discretion of the Board, the bid (i) submitted by a person or firm capable and qualified in all respects to perform fully the contract requirements and with the integrity and reliability to assure good faith performance, (ii) is responsive to the invitation to bid as determined by the Board, and (iii) is the lowest cost to the District. Minor variations in the bid may be waived by the Board. Mistakes in arithmetic extension of pricing may be corrected by the Board. Bids may not be modified after opening.
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Lowest and best bid. – means a bid or offer providing the best value considering associated direct and indirect costs, including transport, maintenance, reliability, life cycle, warranties, and customer service after a sale.
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Examples of Lowest and best bid in a sentence

  • Lowest and best bid will be presented to the Reeves County Commissioners Court for approval.

  • Education,including prior approval of such bid by the State128Departmentof Education.129(v) Agencies and governing authorities may130 establish secure procedures by which bids may be submitted via131 electronic means.132 (d) Lowest and best bid decision procedure.133 (i) Decision procedure.

  • Education,including prior approval of such bid by the State129Departmentof Education.130(v) Agencies and governing authorities may131 establish secure procedures by which bids may be submitted via132 electronic means.133 (d) Lowest and best bid decision procedure.134 (i) Decision procedure.

  • Boardof Education, including prior approval of such bid by the129StateDepartment of Education.130 (d) Lowest and best bid decision procedure.131 (i) Decision procedure.

  • Such acquisitions shall not be made147 to circumvent the public purchasing laws.148 (v) Agencies and governing authorities may149 establish secure procedures by which bids may be submitted via150 electronic means.151 (d) Lowest and best bid decision procedure.152 (i) Decision procedure.

  • Boardof Education, including prior approval of such bid by the130StateDepartment of Education.131 (d) Lowest and best bid decision procedure.132 (i) Decision procedure.

  • Such acquisitions shall not be made150 to circumvent the public purchasing laws.151 (v) Agencies and governing authorities may152 establish secure procedures by which bids may be submitted via153 electronic means.154 (d) Lowest and best bid decision procedure.155 (i) Decision procedure.

  • Such acquisitions shall not be made146 to circumvent the public purchasing laws.147 (v) Agencies and governing authorities may148 establish secure procedures by which bids may be submitted via149 electronic means.150 (d) Lowest and best bid decision procedure.151 (i) Decision procedure.

  • Education,including prior approval of such bid by the State204Departmentof Education.205(v) Agencies and governing authorities may206 establish secure procedures by which bids may be submitted via207 electronic means.208 (d) Lowest and best bid decision procedure.209 (i) Decision procedure.

  • Exploring the Role of the Bedside Nurse in Antimicrobial Stewardship: Survey Results From Five Acute-Care Hospitals.


More Definitions of Lowest and best bid

Lowest and best bid means the lowest responsive bid submitted by a responsible bidder in compliance with the invitation to bid meeting the standards, requirements and specifications contained in the invitation to bid.
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Related to Lowest and best bid

  • Highest Bidder means the Bidder, who quotes the highest License Fees

  • Buy Bid means a bid to buy Capacity Resources in any Incremental Auction.

  • Discounted Market Price of Shares means, if the Shares are listed only on the TSX Venture Exchange, the Market Price less the maximum discount permitted under the TSX Policy applicable to Options.

  • Closing Market Price means the price at which the company’s security was last sold, on the applicable date,

  • bid means a written offer in a prescribed or stipulated form in response to an invitation by an organ of state for the provision of goods or services, through price quotations, advertised competitive bidding processes or proposals;

  • Decrement Bid means a type of Virtual Transaction that is a bid to purchase energy at a specified location in the Day-ahead Energy Market. A cleared Decrement Bid results in scheduled load at the specified location in the Day-ahead Energy Market.

  • Best Value means the method by which a proposal/contract, if any, is awarded, in accordance with applicable laws, rules, and regulations. Best Value includes multiple parameters, including experience, references, quality of the Vendor's product(s)/service(s), and price, as detailed in Section 6.0 Evaluation and Award.

  • Lowest floor means the lowest floor of the lowest enclosed area (including basement). An unfinished or flood resistant enclosure, usable solely for parking of vehicles, building access, or limited storage in an area other than a basement area is not considered a building's lowest floor, provided that such an enclosure is not built so as to render the structure in violation of the applicable non-elevation design requirements of this ordinance.