Business Pitch Dictionary by pitch.dog
Procurement evaluation & award · Working

Lowest compliant bid

Also called: lowest responsive bid

ELI5

The lowest-priced bid that meets all mandatory requirements.

Used in conversation

“Procurement needs the basis for lowest compliant bid before suppliers price the work.”

Pitch context

You will see “Lowest compliant bid” in operating plans, procurement packs, supplier reviews and supply-chain reports when the discussion reaches procurement evaluation & award.

Why it matters: In procurement evaluation & award, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.