Lowest Evaluated Bid definition

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

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Lowest Evaluated Bid means a bid most closely conforming to evaluation criteria and other conditions specified in the bidding document, having lowest evaluated cost.

Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids / a bid most closely conforming to evaluation criteria and other conditions specified in the bidding document, having lowest evaluated cost.

Examples of Lowest Evaluated Bid in a sentence

• Criteria 28.1 Subject to ITB Clause 30, the Purchaser will award the contract to the successful Bidder whose bid has been determined to be substantially responsive and has been determined to be the Cost Based Lowest Evaluated Bid, provided further that the Bidder is determined to be qualified to perform the contract satisfactorily.

• If the Bidder with the Lowest Evaluated Bid does not accept the correction of errors, the bid shall be rejected.

• If a prequalification process was undertaken for the Contract(s) for which these Bidding Documents were issued, the Procuring Entity will determine in the manner described above that no material changes have occurred after the prequalification that negatively affect the ability of the Bidder that has submitted the Lowest Evaluated Bid to perform the Contract.

• Post­qualification 31.1 The Procuring Entity will determine at its own cost and to its satisfaction whether the Bidder (including Joint Venture Partners, and any Subcontractors for which the BDS for ITB Clause 6.1 (a) permits that their qualifications count towards the required Bidder qualifications) that is selected as having submitted the Lowest Evaluated Bid is qualified to perform the Contract satisfactorily, in accordance with ITB Clause 6.

More Definitions of Lowest Evaluated Bid

Lowest Evaluated Bid means a bid most closely conforming to the evaluation criteria and other conditions specified in the bidding documents and having lowest evaluated cost.

Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids, as defined in clause (hh);

Lowest Evaluated Bid means a Bid most closely conforming to evaluation criteria and

Lowest Evaluated Bid means a bid which is determined to be the most economic after evaluating all terms and conditions of the bid including cost but not necessarily price. For goods and equipment other factors that may be taken into account in assessing the Lowest Evaluated Bid are listed in Paragraph 2.52 of these Rules.

Lowest Evaluated Bid means a bid for goods,

Lowest Evaluated Bid means a bid most closely conforming to evaluation criteria and other conditions specified in the bidding documents; and

Lowest Evaluated Bid means a bid which is substantially responsive to commercial and technical aspects in the solicitation package and determined to be lowest in the cost comparison based on evaluation factors;