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

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

• This Section specifies the criteria to determine the Lowest Evaluated Bid.

• The offered bid(s) shall be listed separately in ascending order starting from the Lowest Evaluated Bid.

• If the Bidder with the Lowest Evaluated Bid does not accept the correction of errors, the bid shall be rejected this will be considered as invalidating its bid and the bid security may be forfeited pursuant to sub-para .6 of “Bid Security” para ITB.All items in the financial bid must be priced.

• Exclusive of the cases provided for in Clause 29, the Employer will award the Contract to the Bidder whose bid is determined to be substantially responsive to the bidding documents, and who offered the Lowest Evaluated Bid Price, provided that this Bidder has been determined to be (a) eligible in accordance with Clause 2 and (b) met with qualification requirements in accordance with Clause 3.

• The prices will be compared on the basis of the Lowest Evaluated Bid Price.

More Definitions of Lowest Evaluated Bid

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

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 the evaluation criteria and other conditions specified in the bidding documents and having lowest evaluated cost.

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 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 and offers the lowest price.

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;