Lowest Bidder definition

Lowest Bidder means the Bidder who is quoting the lowest BID price.
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Lowest Bidder means the Bidder whose Evaluated Price is the lowest.
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Lowest Bidder means the contractor is selected based on price alone.
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Examples of Lowest Bidder in a sentence

  • However, in case the suspension /Banning is due to default of an Agency for the provisions under Integrity Pact and the Agency happens to be Lowest Bidder (L1), the tendering process shall be annulled and fresh tenders shall be invited.

  • Techno-Commercially Qualified Overall Lowest Bidder (L1) will be considered for further processing for placement of order.

  • Evaluation Lowest Bidder L-1 will be decided on the basis of overall quoted price (including taxes) for the entire tender quantity.

  • Also, the contract may be awarded jointly to the Lowest Bidder (L1) & 2nd Lowest Bidder (L2) in the ratio 70:30 of Quantity of Shifts provided 2nd Lowest Bidder (L2) is technically eligible and L2 matches the rate of Lowest Bidder (L1).

  • JMRC will not accept any claim or compensation in this regard on account of non maintenance of said distribution of work between Lowest Bidder (L1) and 2nd Lowest Bidder (L2).


More Definitions of Lowest Bidder

Lowest Bidder means the Bidder, who quotes the lowest Fees p)
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Lowest Bidder means the Bidder who quotes the lowest bid.
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Lowest Bidder means as defined in Clause 1.2.4. “Project” shall mean as defined in Clause 1.1.1.
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Lowest Bidder means the party who submits the least expensive total monetary bid in response to a bid invitation.
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Lowest Bidder means L1 as defined in clause 4.2 (i).
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Lowest Bidder means the Bidder who quotes the Lowest lump sum amount.
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Lowest Bidder. He who offers the lowest price (Borromeo v City of ▇▇▇▇▇▇, ▇▇ Phil. Includes not only financial ability, but also the skill and capacity necessary to complete the job for which the bidder would become answerable (Id.).
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