Composite Score Clause Samples
Composite Score. (i) The Technical Score and Financial Score obtained by the Bidder shall be combined as per the formula provided in the clause 5.4
(ii) The Bidder achieving “Highest Composite Score” shall be generally declared as Preferred Bidder (the “Preferred Bidder”) and considered for award after following the due process including negotiation.
Composite Score. (i) The Composite Score of the Bidder shall be determined by combining Technical and Financial Scores based on following formula; Composite Score (CS) =Technical Score (TeS) * 0.80 + Financial Score (Fis) * 0.20 The technical experience has been assigned 80% of weightage while price quote is assigned 20% weightage.
(ii) The Bidder Obtaining Highest Composite Score shall be generally declared as Preferred Bidder. After negotiations at the discretion of GMDC, the LOA would be granted to the preferred bidder who would then be the Successful Bidder with whom the Agreement shall be signed.
Composite Score