What are Award Criteria?
Award criteria are the standards by which bids are evaluated and the most economically advantageous is selected. They must be stated in the contract notice.
Typical Award Criteria
- Price (often 50-70% weighting)
- Quality of bid/service
- Technical value
- Aesthetic characteristics
- Customer service/support
- Delivery time/execution period
- Environmental characteristics
- Life-cycle costs
Evaluation Methods
- Simple ratio method: Quality/Price
- Extended ratio method: With thresholds
- Utility analysis: Point scoring by criteria
Transparency Requirement
- Criteria must be known in advance
- Weighting must be specified
- No subsequent changes