most economically advantageous tender
- most economically advantageous tender
-
most economically advantageous tender (MEAT).
The awarding authority may select a tender based on the optimum combination of the whole life costs and benefits of the project, assessed against pre-determined criteria detailed in its ITT.
For example, see External resource, Defra policy on awarding contracts: MEAT (www.practicallaw.com/2-382-1113).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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