Price Scoring

  • Updated

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Pricing is always added as a standard criteria to all evaluations, however, there are many options in how the price criterion is dealt with.

The simplest option is that the price can be automatically scored using a basic algorithm. That method uses this specific calculation: ([Lowest offer price] * 100 / [This offer price]). This method means that there is no input regarding pricing throughout the evaluation.

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For more control in a situation that may not be an 'apples to apples' comparison with regards to price and scope, there is an option to score the price manually in the same manner that other criteria are scored - by defining a custom selection of questions with custom weighting. This provides a lot of flexibility in results in the score being determined by how the team evaluates its responses to the price criteria questions.

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For a situation where the price needs to be put to the side when evaluating other criteria, there is an option to hide pricing throughout the scoring process. Evaluators would usually get access to the offer amounts when conducting scoring however this option will hide the pricing for the evaluators. Note that if the price is set to 'hidden' then manually scoring of price cannot occur.

If price is not to be considered at all throughout the evaluation then the weighting of the price can be set to 0. This way the price will have no impact on the final scores for each response.