Financial bid
Financial bid legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Port Trust (KPT) invited bids for procurement of two Pilot Boats and petitioner claimed to be the lowest bidder having vested right to its bid to be accepted but KPT did not award contract
Validity
At the end of bidding, there were only two bids left; one by petitioner and other by another bidder
Petitioner's bid was for Glass Reinforced Plastic (GRP) hull and that of the other bidder was for steel hull, therefore, prima facie the two were apples and oranges and could not be compared with each other
In tender documents, type of material for hull, GRP or Steel was not specified, therefore, it could be either
Even if the two bids remaining in field were treated as comparable and therefore, should have been compared with each other, in presence of only two bids, there could be a "lower" bid and a "higher" bid but there could not be " the lowest bid", which adjective being in superlative degree and not in comparative degree required at least three to be compared with each other
High Court declined to interfere in the order passed by authorities
Petition was dismissed in circumstances.
Port Trust (KPT) invited bids for procurement of two Pilot Boats and petitioner claimed to be the lowest bidder having vested right to its bid to be accepted but KPT did not award contract
Validity
At the end of bidding, there were only two bids left; one by petitioner and other by another bidder
Petitioner's bid was for Glass Reinforced Plastic (GRP) hull and that of the other bidder was for steel hull, therefore, prima facie the two were apples and oranges and could not be compared with each other
In tender documents, type of material for hull, GRP or Steel was not specified, therefore, it could be either
Even if the two bids remaining in field were treated as comparable and therefore, should have been compared with each other, in presence of only two bids, there could be a "lower" bid and a "higher" bid but there could not be " the lowest bid", which adjective being in superlative degree and not in comparative degree required at least three to be compared with each other
High Court declined to interfere in the order passed by authorities
Petition was dismissed in circumstances.
"Financial bid", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124937017
Precedents & Case Laws citing "Financial bid"
2020 C L C 1434
TELCONET PRIVATE LIMITED — Petitioner Versus I.E.S.C.O and others — Respondents
Court: Islamabad2021 M L D 1846
RELIANCE IT SOLUTIONS (PVT.) LTD. Through Authorized Representative — Petitioner Versus FEDERATION OF PAKISTAN through Secretary, Ministry of Finance and others — Respondents
Court: Islamabad2021 C L C 1939
MEDIQUIPS (PVT.) LTD. Through Authorized Representative — Petitioner Versus GOVERNMENT OF KHYBER PAKHTUNKHWA through Secretary Health and 6 others — Respondents
Court: Peshawar (Mingora Bench)2024 C L C 1370
HAFEEZ ULLAH LEHRI and another — Petitioners Versus NATIONAL HIGHWAY AUTHORITY and others — Respondents
Court: IslamabadP L D 2020 Islamabad 378
NATIONAL INSTITUTIONAL FACILITATION TECHNOLOGIES (PVT.) LIMITED through duly Authorized Officer — Petitioner Versus The FEDERAL BOARD OF REVENUE through Chairman and 7 others — Respondents
Court: High Court2017 C L C 126
Messrs AIR CIRO through Senior Partner — Petitioner Versus CIVIL AVIATION AUTHORITY through Director-General and 5 others — Respondents
Court: Lahore2024 C L C 1394
Messrs MUHAMMAD RAMZAN & COMPANY — Petitioner Versus FEDERATION OF PAKISTAN through Secretary Ministry of Communication, Islamabad and 4 others — Respondents
Court: Islamabad2022 C L C 364
KHAN CONSTRUCTION COMPANY through Partner/Attorney — Petitioner Versus PUNJAB PROVINCE through Secretary HUD and PHED Government of the Punjab, Lahore and 2 others — Respondents
Court: Lahore2020 C L C 693
Messrs LAC (PVT.) LTD. through Authorized Representative — Petitioner Versus GOVERNMENT OF PUNJAB through Secretary and 6 others — Respondents
Court: Lahore2012 C L C 1230
SAFEHAVEN MARINE LTD. Through duly constituted Attorney — Petitioner Versus KARACHI PORT TRUST — Respondent
Court: Sindh