What determines the “Lowest Evaluated Cost Bid”?
The determination of the “Lowest evaluated cost bidder” will be the criteria for evaluation as stipulated in the bid documents. A broad basic criterion would be: • Bidder should be qualified • The bid should be substantially responsive to the bid documents • Lowest bid price • Comparison and evaluation with other bidders.Other evaluation criteria, such as transportation, spare parts costs and network, performance measures as stated in the bid documents.
