How do we evaluate and select the most suitable bidder?
Evaluating and selecting the most suitable bidder in a tendering process is a critical step to ensure that the chosen supplier or contractor can meet the organization's needs effectively and efficiently. The evaluation process should be objective, transparent, and based on predetermined criteria. Here are the steps to evaluate and select the most suitable bidder: Eprocurement Delhi Establish Evaluation Criteria: Before receiving bids, establish clear and well-defined evaluation criteria. These criteria should align with the organization's objectives and the specific requirements of the procurement. Common evaluation criteria include price, technical capability, experience, and compliance with specifications. Weighting of Criteria: Assign weights to each evaluation criterion to reflect their relative importance. For example, price may carry a certain weight, while technical capabilities or experience may have a different weight. The total weights should add up to 100%. Prequalif