A tender whose price appears unusually low in relation to the goods, services, or works being procured, or compared with other tenders received. An abnormally low tender may require the contracting authority to seek an explanation from the bidder before deciding whether the tender is acceptable. The purpose is to assess whether the price reflects a viable and compliant offer rather than unsustainable pricing, errors, or non-compliance.
Abnormally Low Tender (ALT)
A tender priced unusually low relative to the requirement or other bids, which the authority may investigate before deciding whether to accept it.
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BD, capture and proposal alignment is something most organizations believe they already have, until a deadline exposes where it breaks. At WPS, a Health Solutions Company, the three functions were moving in parallel but not in sync, and the cost was showing up long before anyone started writing.
Casual drinks with the people who win federal business. Alongside AFCEA LA Space Industry Days.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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