Lowest Responsible Bid
/ˈloʊəst rɪˈspɒnsəbl bɪd/
Definitions
- (n.) The lowest bid submitted in a competitive procurement process that meets all specified legal and technical requirements, ensuring the bidder's capability and reliability to fulfill the contract.
The city awarded the construction contract to the company submitting the lowest responsible bid.
Forms
- lowest responsible bid
Related terms
See also
Commentary
The concept emphasizes both price and bidder qualifications; lowest price alone is insufficient if the bid is not responsible under procurement standards.
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.