Bid/Tender Evaluation and validation
Once the tenders are submitted, bids must be evaluated and validated in order to select the preferred supplier. Whether tendering contracts for the supply of goods or services, tender evaluation should be carried out in a structured, disciplined and transparent manner. Most evaluations explore price comparisons alongside technical capability, capacity, quality of service and financial health.
At this stage a post tender negotiation often takes place, along with checking of references and credit checks or carrying out supplier visit, technical audit, product sampling or a trial.
Whole life costs should also be considered including the decommissioning, removal or disposal costs.