Total Evaluated Price definition
Examples of Total Evaluated Price in a sentence
When subcontractors are approved, their services shall be provided within the labor categories and at a rate no higher than the labor rates included in Section J, Attachment 1 - Total Evaluated Price Worksheets of each Contractor’s MCoE MAIDIQ.
The Total Evaluated Price Worksheets sets forth the labor categories that shall be used and the maximum rates that may be paid/reimbursed under this contract inclusive of options, if exercised.
The Contract will be awarded to the technically acceptable Offeror with the lowest Total Evaluated Price or LPTA.
The sum of the prices for each CLIN will represent the Total Evaluated Price of each offeror.
This Bid Model will be used to develop the Offeror’s Average Price Per Unit (APPU) and Total Evaluated Price by taking the usage and multiplying by the Offeror’s prices.
For purposes of making an award decision, the Government will arrive at a Total Evaluated Price by adding the total price for all CLINs. Priced offers will be evaluated for reasonableness and appropriateness of' proposed amounts and for the Offerors understanding of the proposal requirements.
The inclusion of option prices in arriving at a "Total Evaluated Price" does not obligate the Government to exercise all or any part of the options.
If there is a discrepancy between the CLIN Pricing form (Attachment L-6) and the Section B Schedule, the CLIN Pricing form will be utilized to calculate the Total Evaluated Price.
The Total Evaluated Price Evaluation Factor will not be characterized as “Acceptable” or “Unacceptable”.
Total Evaluated Price: The Bidder’s total evaluated price for the Region.