Bid Evaluation
Definitions
- (n.) The process of assessing and comparing bids submitted by contractors or suppliers to determine the most advantageous offer in procurement or contract award.
The bid evaluation committee reviewed all submissions before awarding the contract.
Forms
- bid evaluation
- bid evaluations
Related terms
See also
Commentary
Bid evaluation involves both qualitative and quantitative criteria to ensure fairness and compliance with procurement rules.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.