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. . 2010.

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