Common use of Selection Method Clause in Contracts

Selection Method. a) Selection Method shall be Least Cost Based Selection (LCBS) which shall be evaluated based on the total value of the financial bid based on cumulative unit cost. b) There are two components on financial bid, individual of each component will be taken into consideration while determining the lowest bidder for the said component. After determination of lowest (L1) rates, all other bidders in the order of their financial bid shall be asked to match the lowest rates. If one (01) or more such bidders match the lowest rates, rate contract will be done with all the bidders matching the lowest rates (in order of their financial bid).

Selection Method. a) Selection Method shall be Least Cost Based Selection (LCBS) which shall be evaluated based on the total value of the financial bid based on cumulative unit cost. b) There are two four components on financial bid, individual of each component will be taken into consideration while determining the lowest bidder for the said component. After determination of lowest (L1) rates, all other bidders in the order of their financial bid shall be asked to match the lowest rates. If one (01) or more such bidders match the lowest rates, rate contract will be done with all the bidders matching the lowest rates (in order of their financial bid).