Lowest and Best Bidder definition

Lowest and Best Bidder means the Bidder(s), based on the evaluation criteria, determined to be the most responsive, responsible, and advantageous Bidder whose Bid conforms in all material respects to the requirements and criteria in Solicitation including, but not limited, price, skill, business practices, previous work record, experience, financial resources, quality of materials, facilities, personnel, service reputation, and ability to comply with state, federal, and local laws. Bidders failing to provide the required information shall not be considered the Lowest and Best Bidder. The Bidder with the lowest cost may not be the Lowest and Best Bidder.
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Lowest and Best Bidder means the lowest bidder whose offer, including the bidder’s qualification, best responds in quality, fitness and capacity to fulfill and perform the particular requirements set forth in the solicitation of bids.
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Lowest and Best Bidder. Includes not only financial responsibility, skill, and capacity, but also the reputation of the bidders for dealing fairly and honestly with the government, their mechanical facilities, and business organization tending to show dispatch in their work and harmonious relations with the government, the magnitude and urgency of the job, the kind and quality of materials to be used, and other factors as to which a bidder may offer greater advantages than another (Id.).
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Examples of Lowest and Best Bidder in a sentence

  • If City has reasonable objection to any proposed Subcontractor, other person or organization, the City may, before the Notice of Award, request the Apparent Lowest and Best Bidder (or the Lowest and Best Bidder) to submit an acceptable substitute without an increase in Bid price.

  • The finding also disagreed with Teo (2008) in a survey of pre- service teachers' attitudes towards computer use in Singapore and found no gender or age differences among pre-service teachers on computer attitudes.

  • This information must be received by City as per Section 10 above.16.5 The City shall require the Lowest and Best Bidder to submit a certified statement describing his organization, plant, manpower and financial resources, and list all previous and/or ongoing construction contracts over the last 5 years, regardless of amount or completion status.

  • Unit Price bids for the work items shall be based on estimated quantities for the purpose of determining the best and Lowest and Best Bidder and unit prices as shown in the Bid Form (see Paragraph 14.3 above).

  • Nothing in this section shall be deemed to permit contract award to a bidder submitting a higher quality item than that designated in the Invitation for Bids if such bidder is not also the lowest bidder as determined under Subsection 3.106.13.4, Determination of Lowest and Best Bidder.

  • Viola Basin Bulkhead Addition - MemoViola Basin Bulkhead Addition - Exhibit Viola Basin Bulkhead Addition - Bid Tab 14.g. Award a Construction Contract in the Amount of $664,244 to J.M. Davidson LTD, the Lowest and Best Bidder Based on Bids Received on May 4, 2017, for Oil Dock 3 Barge Breasting Structure Replacement.

  • Authorizing the City Manager to Advertise for Bids and Enter into a Contract with the Lowest and Best Bidder for Waterline Replacements onW.

  • Only objectively measurable criteria which are set forth in Subsection 3.106.13.4, Determination of Lowest and Best Bidder, shall be applied in determining the lowest and best bidder.

  • Bulk Terminal Paving Improvements - MemoBulk Terminal Paving Improvements - Exhibit Bulk Terminal Paving Improvements - Bid Tab 14.f. Award a Construction Contract in the Amount of $665,048 to Derrick Construction Company, Inc., the Lowest and Best Bidder Based on Bids Received on May 8, 2017, for Viola Barge Basin Bulkhead Addition.

  • A Resolution Authorizing and Directing the City Manager to Advertise for Bids and Enter into a Contract Including any and all Ensuing Change Orders, with the Lowest and Best Bidder for Construction of the New Parking Lot.

Related to Lowest and Best Bidder

  • Best Bid means the highest posted bid price of the Common Stock.

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

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Winning Bidder With respect to a Successful Auction, the Qualified Bidder that bids the highest price.

  • Designated Bidder means (a) an Eligible Assignee or (b) a special purpose corporation that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its business and that issues (or the parent of which issues) commercial paper rated at least "Prime-1" (or the then equivalent grade) by Xxxxx'x or "A-1" (or the then equivalent grade) by S&P that, in the case of either clause (a) or (b), (i) is organized under the laws of the United States or any State thereof, (ii) shall have become a party hereto pursuant to Section 8.07(d), (e) and (f) and (iii) is not otherwise a Lender.

  • BC Bid means the BC Bid website located at www.bcbid.ca;

  • Bidder means the legal entity which submits a Bid for consideration by City in accordance with the Invitation For Bid.

  • Tenderer/Bidder means the firm or Company (hereinafter called Tenderer/ Bidder) who duly submits the tender after accepting all the terms & conditions of the tender document.

  • Qualified Bidder As defined in Section 7.01(c).

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

  • Riskless principal transaction means a transaction in which a dealer buys a security from any person and makes a simultaneous offsetting sale of such security to a qualified institutional buyer, including another dealer acting as riskless principal for a qualified institutional buyer.

  • 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;

  • Lowest price means the least possible amount that meets all requirements of the request of a purchasing agent.

  • The Bidder means the individual or firm who participates in this tender and submits its bid.

  • Selected Bidder or “Successful Bidder” shall mean the Bidder selected pursuant to this RfS to set up the Project and supply electrical output as per the terms of standard PPA.

  • 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.

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Tender Price means the amount stipulated by the Tenderer in the space provided therefor in the Form of Tender, including all applicable taxes, which price, for greater certainty, is the Tenderer’s proposed Contract Price to complete all of the Work; and

  • Major Trading Area or "MTA" means Major Trading Area as defined by the FCC in 47 C.F.R. Part 24.202.

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

  • Preferred Bidder means a bidder that is entitled to receive a reciprocal preference under the requirements of this chapter.

  • Bidder/Tenderer means the interested Firm/Company/Supplier/Distributors that may provide or provides the general order items etc. and related services to any of the public/private sector organization under the contract and have registered for the relevant business thereof.

  • 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.

  • Price Differential with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction);

  • Signing Market Price means $3.5614, representing the consolidated closing bid price of the Common Stock on The Nasdaq Capital Market on the date of this Agreement, which shall be the lower of (i) the closing price of the Common Stock on The Nasdaq Capital Market immediately preceding the date of this Agreement or (ii) the average closing price of the Common Stock on The Nasdaq Capital Market for the five (5) Business Days immediately preceding the date of this Agreement.

  • Applicable Market Value has the meaning specified in Section 5.1.