Navigation

last updated: 28th July 2011

The contracting authority shall determine a mathematical formula to represent the various criteria and their relative weightings used to determine the most economically advantageous tender.

The purpose of the formula is to calculate a single score for each tender submission and will determine the automatic re-ranking of participants on the basis of the new prices and/or new values submitted.  In the initial contract specification, some features may be stated as ranges. These will have to be reduced to a single value for use within the formula.

The formula must be provided to the bidders with the invitation to participate in the e-auction. 

Where variant bids are allowed and authorised, a separate formula will be required for each variant.

Rating:
0
Your rating: None

Tagging this document or page with a word will add that word to the search terms for finding this page

You can use the above rating system to highlight how useful this content was to you

Comments Comments