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Evaluation Tools
The Evaluation Matrix is a tool that can be used to identify the best value for money proposal taking account of both qualitative and financial criteria.
As a matter of good practice, no member of the evaluation panel should assess both the quality/technical elements and the commercial elements of the tender.
The price criteria worksheet considers the whole life cost of the project in terms of acquisition, operating and end of life costs. To understand what to consider and how to calculate the total cost of ownership please see this CIPS guidance here.
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