7.4.2  Technical and Financial Evaluation

Evaluation criteria should be stated up-front on the bid data sheet. The technical evaluation typically takes into account:

•  Quality of the work plan

-  services to be provided

-  methodology and approach

-  meeting performance standards and optimizing incentive compensation

-  innovations and improvements

-  training

•  Quality of staffing plan

-  detail of staffing plan

-  appropriate experience reflecting required services in staffing plan

-  professional qualifications and experience of key staff as shown in curricula vitae.

The financial evaluation is based on:

•  Bid prices as readout (currencies, amounts, and modifications or comments) 

•  Corrections for:

-  computational errors

-  provisional sums 

•  Corrected bid price

•  Exchange of bids to single currency

•  Formula for scoring bids if weighted technical/financial evaluation.