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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 the Apparent Lowest and Best Bidder (or the Lowest and Best Bidder) declines to make any such substitution, the Contract may not be awarded to such Bidder at the City's sole discretion.

  • 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.

  • 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.

  • Per Ordinance No. 2011-044: Contracts and purchases that require competitive bidding shall be awarded to the Lowest and Best Bidder meeting the Specification requirements that are most advantageous to the County.

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

  • 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.

  • 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.

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

Related to Lowest and Best Bidder

  • 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.

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

  • Bidder means an eligible entity/ firm submitting the 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).

  • 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 means the bidder who has been selected by DMRC, pursuant to the bidding process for award of license.

  • 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

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

  • 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.

  • Signing Market Price means $0.4579, representing the consolidated closing bid price of the Common Stock on The Nasdaq Global Market on the date of this Agreement, which shall be the lower of (i) the closing price of the Common Stock on The Nasdaq Global Market immediately preceding the date of this Agreement or (ii) the average closing price of the Common Stock on The Nasdaq Global 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.

Most Referenced Clauses

Most Referenced Definitions