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. 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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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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Examples of Lowest and Best Bidder in a sentence

  • Motivating the Generations: Implications for the Higher Education Workplace An explanatory study SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF ARTSUNIVERSITY OF SOUTHERN MAINE MASTER’S DEGREE IN LEADERSHIP STUDIESBy Jennifer SmithMay 2015ACKNOWLEDGEMENTS First and, above all, I praise God, the Almighty for providing me with the opportunity, tools, and capability to complete my Master’s Program.

  • Lowest and best bidder can also include factoring in MBE/DBE participation and consideration of MBE prime contractors.

  • Lowest and best bidder, provided not more than 5 percent over engineer’s es- timate and in best interests of state.

Related to Lowest and Best Bidder

  • 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.

  • 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;

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

  • 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.

  • 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 means an amount of money tendered for goods or services, and includes all applicable taxes less all unconditional discounts;