True, the weighted-criteria evaluation system is typically used to select a supplier or to evaluate the performance of a supplier.
What is a weighted-criteria evaluation system?
Every time a government agency purchases goods or services from the building and construction sector, it should strive to get the best value for the money.
In order to choose the tender that gives the highest value, it is often best to use a weighted evaluation approach.
To evaluate tenders and choose the one with the best track record of performance in terms of time, cost, and value for money, the selection criteria are weighted in a system.
The following tenets serve as the foundation for the weighted criterion tender assessment process:
- Selection criteria that reflect the critical elements of the project.
- Weightings that reflect the relative importance of selection criteria.
- Scores based on information included in the tender bid;
- Normalizing the non-price criteria and the tender price before applying the weightings to allow for the true effect and advantage of the weighting system.
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The weighted-criteria evaluation system is typically used to select a supplier or to evaluate the performance of a supplier?
