inst/strategy_description/lowest_priced_tender.md

In lajh87/tessa: Tender Evaluation Strategy Scenario Analysis

The lowest price method is where you accept the lowest priced tender that is technically and commercially compliant. The evaluation does not take into account any criteria other than price. The evaluation must still take place to confirm that the tenders are technically and commercially compliant. This will be a simple pass/fail test and you must not use any other scoring method. Considerations such as quality, security etc. must be part of the minimum technical requirement.

Because there is no opportunity to judge the quality of one bidder's solution against another, this type of evaluation tends to be used only for low value and / or low complexity procurements where the technical specification is of a similar, or the same, technical standard. It is therefore most often used for Commercial Off The Shelf (COTS items).

Due to the nature of this method and the emphasis on achieving the lowest price, you should use Reverse Auctions wherever possible in this situation.

lajh87/tessa documentation built on July 6, 2019, 12:06 a.m.