Most Economically Advantageous definition

Most Economically Advantageous means using a cost- effectiveness approach or price/quality ratio which offers the best price (this will not necessarily be the lowest price)

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Most Economically Advantageous means the criteria used to determine whether an offer is the most economically advantageous to the Authority and shall be determined in each case by the Authority in accordance with any policy of the Authority and these Rules. The criteria will always include price and may include any one or more of the following and such other criteria as the Authority or Relevant Appointed Officer may consider fit:

Most Economically Advantageous normally means the lowest if payment is to be made by the Authority and the highest if payment is to be made to the Authority, but should also take into account quality and other measures, which will be set out in the evaluation criteria and which should be specified in advance of the contract evaluation. In such cases the method of scoring such measures and the weighting of evaluation will be clearly set out in the contract specification.

Examples of Most Economically Advantageous in a sentence

• The criteria described in this Request for Tender is the Criteria used by the Council to determine the Most Economically Advantageous Tender.

• The pre-defined project will contribute to a more effective system of public procurement, mainly through strengthening of the application of the value for money principle including the Most Economically Advantageous Tender (MEAT) criteria in international cooperation with the OECD as well as possibly with other institutions from the donor states.

• The Buyer will appoint a Supplier based on Most Economically Advantageous Tender (MEAT).

• Following evaluation on the basis of the MEAT Contract Award Criteria above, the tenderers will be ranked in descending order, with the Most Economically Advantageous Tenderer ranked No.

• Call-Off Contracts will be awarded on a cascade basis, in that the Tenderer who submits the Most Economically Advantageous Tender will be appointed as the First Provider.

• The Award criteria have been designed to assess the Most Economically Advantageous Tender (MEAT), taking into account a combination of Quality, Social Value and Price.

• The contract will be awarded on the basis of MEAT (Most Economically Advantageous Tender).

• The Call-off Contract will be awarded to the Mini-Tenderer who submits the Most Economically Advantageous Mini-Tender based on the Mini Tender Competition Criteria set out below: Mini Competition Award Criteria - Appropriate Criteria to be Selected by Contracting Body from the list below.

• Where Stockport Homes determines that its requirements for Works and Services are of a more complex or specialised nature, Stockport Homes shall utilise the Mini Competition Procedures utilising Most Economically Advantageous Tender (“MEAT”) (same methodology used as ITT).

• The successful bidders will be the one who, in the opinion of Table Tennis England at the conclusion of the evaluation, offers the Most Economically Advantageous Tender (MEAT) to Table Tennis England having regard to both the quality, service and price award criteria.

More Definitions of Most Economically Advantageous

Most Economically Advantageous means that bid or offer which when taking into account a number of criteria including but not limited to price, quality, delivery, technical merit, compatibility, functionality and overall cost effectiveness affords the Authority the most economically advantageous solution.”

Most Economically Advantageous means that criteria including the period from completion or delivery, quality, aesthetic and functional characteristics, technical merit, after sales service, technical assistance, ease of maintenance and price may be used as part of the evaluation of a Tender;

Most Economically Advantageous means that tender or offer which, when taking into account the criteria specified by the Authority, which may include but are not limited to price, quality, delivery, technical merit, compatibility, functionality, social value, environmental characteristics and overall cost effectiveness, will bring the greatest benefit to the Authority;

Most Economically Advantageous means optimum combination of price and quality to meet the Council priorities.

Most Economically Advantageous normally means the lowest if payment is to be made by the Authority and the highest if payment is to be made to the Authority, but should also take into account quality and other measures, which will be set out in

Most Economically Advantageous normally means the outcome that achieves value for money across the life of the contract. As part of the economy, efficiency and