L1
means the lowest tender or lowest bid or the lowest quotation received in a tender, bidding process or other procurement solicitation as adjudged in the evaluation process as per the tender or other procurement solicitation.
L1
means the Bidder who has quoted lowest price in the Reverse Auction process.
Examples of L1 in a sentence
In case of more than 1 bidder has equal longest experiences then, L1 will be decided as per Clause ii below.
The Lowest One (L1) will be decided/considered on the total calculated value of all items including service charges for sanitary personnel (01 sanitary worker and 01 supervisor) i.e. the sum of 1.01 to 1.28 (in Rupees) of BOQ file.
Besides, original/Photocopies of documents related to the bid are submitted physically only by L-1 bidder.
Universities/ Affiliated or Constituent colleges/ Autonomous Bodies/ Government Public Sector Undertaking in the financial year 2019-20, 2020-21 and 2021-22 will be L1.
The lowest Bidder (L1) shall be determined on the basis of the Price quoted by the Bidder altogether for Supply, Installation & Commissioning which will be inclusive of Training, Demonstration, Testing etc(as applicable) and AMC charges for a period mentined in the tender document.
More Definitions of L1
L1
means the lowest tender or lowest bid received in response to this tender.
L1
bid means the lowest tender or lowest bid or lowest quotation received in a tender, bidding process or other procurement solicitation as adjudged in the evaluation process as per the tender or other procurement solicitation. MDL reserves right to negotiate with evaluated L1 bidders on the quoted prices as the need be.
L1
means the bidder whose price as per the commercial bid / Reverse Auction is the lowest.
