lowest responsible bidder

lowest responsible bidder. A bidder who has the lowest price conforming to the contract specifications and who is financially able and competent to complete the work, as shown by the bidder’s prior performance. [Cases: Public Contracts 11. C.J.S. Public Administrative Law and Procedure §§ 8–9, 12, 16–17.]

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词条贡献者

资深译员Pablo，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与上市公司代理有关的法律文件。