lowest cost definition

lowest cost in relation to a tender means the lowest price if payment is to be made by the Council and the highest price if payment is to be made to the Council and, in either case, refers to a tender which conforms to the Council's tendering requirements.
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lowest cost means the lowest cost for a specific item.
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lowest cost. Response shall mean any compliance activity or any investigation, cleanup, remediation, removal action or other response activity that (1) satisfies applicable Environmental Laws that are in existence at the time of the contemplated activity, (2) is acceptable to Governmental Authorities having jurisdiction over the site, (3) is consistent with the operations being conducted at the site, and (4) can be achieved for the lowest financial cost as compared with other potential response activities.
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Examples of lowest cost in a sentence

  • Corcentric also agrees to periodically inform DTNA of Application Upgrades and Enhancements that Corcentric may have developed for other customers or clients on a non-exclusive basis and that Corcentric in its discretion determines may be useful to DTNA, and to make available to DTNA the same or similar Application Upgrades and Enhancements at the Lowest cost charged to such other customers or clients.

  • Lowest cost generic drug will be provided unless the Physician specifies in writing otherwise.

  • The drug plan requires enhanced generic substitution for drugs covered by the plan based on the following: • Lowest cost interchangeable drug • Medical evidence is required for drugs where physician indicates “no substitution” • Lowest priced drug in a therapeutic class Premium paid one hundred percent (100%) by the Employer.

  • Lowest cost generic drugs will be utilized first unless the physician indicates no substitution or no generic equivalent exists.

  • Cost Volume • Lowest cost of service • Acceptable and supportable narrative cost justifications.

  • After completion of concession period, Concessionaire shall have a 1st right of refusal to match the L-1 (Lowest cost to authority) bidder, if Concessioning Authority will decide to bid out the project on O&M contract basis/PPP basis.

  • Lowest cost family dental insurance premiums, family vision insurance premiums and life insurance premiums of the unit member in the amount of fifty thousand dollars ($50,000) shall be paid by the County Superintendent.

  • Technical Volume: Depth of Resources Demonstrated a clear understanding of the RFP Requirements Past Performance Cost Volume Lowest cost of service Acceptable and supportable narrative cost justifications.

  • Lowest cost carrier will be utilized unless the customer pre-approves payment for expedited shipping.


More Definitions of lowest cost

lowest cost interchangeable drug” awarded in homes where employees have drug card. Cap introduced effective thirty days following issue of award of $600 annually for surgical stockings/compression garments. The parties have agreed to make any necessary housekeeping changes. Retroactive payments, as applicable, to be made as quickly as practicable by separate check/separate identifiable notice of deposit.
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lowest cost means the least costly rate per type of trip, including dispatch charges, vehicle maintenance, etc.
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Related to lowest cost

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Total cost means the total annual cost of benefits and related costs including but not limited to claims, administration expenses, insurance premiums, consulting and advisory fees and all other costs and taxes, as reported on the insurance carrier’s most recent yearly statement and, if any, premium costs on other school authority financial statements for the year not ending later than August 31, 2015. The statements are to be provided to the Ministry of Education.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.