Most Advantageous Bid definition

Most Advantageous Bid means (i) a Bid or proposal for goods, works or services that after meeting the eligibility or qualification criteria, is found substantially responsive to the terms and conditions as set out in the bidding or request for proposal documents; and (ii) evaluated as the highest ranked Bid or proposal on the basis of cost or quality or qualification or any combination thereof, as specified in the Bidding Documents or request for proposal documents which shall be in conformity with the selection techniques to be issued by the Authority;
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Most Advantageous Bid means (i) a Bid for services that, after meeting the eligibility or qualification criteria, is found substantially responsive to the terms and conditions set out in the RFP Document and (ii) evaluated as the highest ranked Bid based on the quality and cost, as further specified in the RFP Document.
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Most Advantageous Bid means (i) a bid or proposal for services that after meeting the eligibility or qualification criteria, is found substantially responsive to the terms and conditions set out in the RFP Document; and
Sample 1

Examples of Most Advantageous Bid in a sentence

  • This Section specifies the criteria to determine the Most Advantageous Bid.

  • This is the Bidder whose Bid has been determined to be the Most Advantageous Bid.

  • By applying these criteria and methodologies, the Employer shall determine the Most Advantageous Bid.

  • By applying the criteria and methodologies, the Purchaser shall determine the Most Advantageous Bid.

  • By applying the criteria and methodologies, the Employer shall determine the Most Advantageous Bid.

  • In that event the Employer may award the Contract to the Bidder offering the next Most Advantageous Bid.

  • The Most Advantageous Bid is the Bid of the Bidder that meets the qualification criteria and whose Bid has been determined to be:(a) substantially responsive to the bidding document; and (b) the lowest evaluated cost.

  • By applying the criteria and methodologies the Purchaser shall determine the Most Advantageous Bid.

  • In that event the Purchaser may award the Contract to the Bidder offering the next Most Advantageous Bid.

  • If not, the lowest evaluated cost from Group C shall be selected.Most Advantageous BidThe Purchaser shall use the criteria and methodologies listed in Section 2 and 3 below to determine the Most Advantageous Bid.

Related to Most Advantageous Bid

  • Applicable Letter of Credit Fee Rate means the percentage rate per annum based on the Leverage Ratio then in effect according to the pricing grid on Schedule 1.1(A) below the heading “Letter of Credit Fee.”

  • L/C Advance means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Percentage.

  • Base Rate Loan means a Loan that bears interest based on the Base Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Applicable Commitment Fee Rate means: