Common use of Scoring Financial Offers Clause in Contracts

Scoring Financial Offers. Score price of remaining responsive tender offers using the following formula: NFO = W1 x A where: NFO is the number of tender evaluation points awarded for price. W1 is the maximum possible number of tender evaluation points awarded for price as stated in the Tender Data. A is a number calculated using the formula and option described in Table F.1 as stated in the Tender Data. Table F.1: Formulae for calculating the value of A Formula Comparison aimed at achieving Option 1a Option 2 a 1 Highest price or discount A = (1 +( P - Pm)) Pm A = P / Pm 2 Lowest price or percentage commission / fee A = (1 - (P - Pm)) Pm A = Pm / P a Pm is the comparative offer of the most favourable comparative offer. P is the comparative offer of the tender offer under consideration.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

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Scoring Financial Offers. Score price the financial offers of remaining responsive tender offers using the following formula: NFO = W1 x A where: NFO is the number of tender evaluation points awarded for pricethe financial offer. W1 is the maximum possible number of tender evaluation points awarded for price the financial offer as stated in the Tender Data. A is a number calculated using the formula and option described in Table F.1 as stated in the Tender Data. Table F.1: Formulae for calculating the value of A Formula Comparison aimed at achieving Option 1a Option 2 a ª 1 Highest price or discount A = (1 +( P - Pm)) Pm A = P / Pm 2 Lowest price or percentage commission / fee A = (1 - (+( P - Pm)) Pm A = Pm / P a ª Pm is the comparative offer of the most favourable comparative offer. P is the comparative offer of the tender offer under consideration.

Appears in 1 contract

Samples: Agreement

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