What is Bid Evaulation Matrix ?
A Bid Evaluation Matrix is a structured tool used to assess and compare bids from suppliers or contractors based on predefined criteria. It helps ensure transparency, consistency, and objectivity in procurement decisions. Here’s a simple example of a Bid Evaluation Matrix might look like: Criteria Weight (%) Bidder A Bidder B Bidder C Price 40% 8 9 7 Technical Capability 25% 7 8 9 Experience 15% 9 7 8 Delivery Time 10% 8 9 7 After-Sales Support 10% 7 8 9 Total Score 100% 7.85 8.25 7.85 How It Works: Each criterion is assigned a weight based on its importance. Bidders are scored (e.g....