Bid Evaluation

After suppliers respond to a tender or RFQ, bid evaluation scores each response against pre-agreed criteria — typically price, quality, delivery, technical fit, compliance and risk. Weighting these criteria in advance keeps the assessment objective and defensible, and separates commercial from technical evaluation where needed. The output is a ranked comparison that supports a clear award decision.

A disciplined evaluation avoids choosing on lowest price alone; it considers total cost of ownership and whether a bid actually meets the requirement. Documenting scores and rationale creates an audit trail that supports governance and, in regulated or government-linked procurement, withstands scrutiny. Consistent criteria across bidders ensure a like-for-like comparison.