Examples of Technical component in a sentence
Tenders must receive a score of more than half of the maximum Technical component to be considered qualitatively acceptable.Tenders not considered qualitatively acceptable will not be considered further.
The selection shall be based on two-stage tendering process i.e., Technical qualification followed by evaluation of financial proposals, on a “Quality and Cost Based Selection (QCBS)” with Technical component and Financial component in the ratio specified in clause 4 of Part II of Data sheet in Section-2.
Technical component will carry 70% weightage and financial evaluation will carry 30% weightage.
N°Award criteria The Technical component (TC) is calculated according to the following formula: TC = A.I. + A.II.
Each Proposal has two parts; a Technical component and a Price (“Cost” or “Pricing”) component.