Selection Method. a) The Bidder has to quote rate for all the items mentioned in financial bid, else the bid shall liable to be rejected. b) Selection method shall be Least Cost Based Selection (LCBS). L1 bidder shall be calculated on the basis of composite price of all the items listed in Financial bid format- BoQ available at e-Proc. A rate contract with the L1 bidder will be entered for the items as given in Bill of Material (Annexure-1) with specifications given in ((Annexure-2).
Appears in 3 contracts
Sources: Rate Contract, Rate Contract, Rate Contract