Technical Score definition
Examples of Technical Score in a sentence
Minimum Technical Score to be obtained is 70 % to be Eligible for getting qualified for Commercial Bid Evaluation.
Minimum Technical Score to be obtained is 75 % to be Eligible for getting qualified for Commercial Bid Evaluation.
The Department will combine the Respondent’s Final Technical Score, Respondent’s Grand Total Calculated Points for price, Reference Score and Financials Score to determine the Respondent’s Final Evaluation Score.
The Department will average the Technical Proposal scores to determine each Respondent’s Final Technical Score.
Minimum Technical Score to be obtained is 100 % to be Eligible for getting qualified for Commercial Bid Evaluation.
Minimum Technical Score to be obtained is 85 % to be Eligible for getting qualified for Commercial Bid Evaluation.
The Technical Score shall account for [65%] of the Combined Evaluation Score.
Final Score: F: = 0.8XTs+0.2XFs Ts = Technical Score FS = Financial score Within 14 days from the date of issue of LOI/ LOA, the successful bidder shall deliver to the Employer a Performance Security for due performance of the contract for an amount equivalent to 5 % of Contract Price.
A Technical Score (Ts) will then be calculated as follows: TS = Sum of the scores for the Criterion for Technical Evaluation given above.
Composite score of the Bidders for the bid shall be worked out as under: Bidder Technical Score (X) Financial Score (Y) Weighted Technical Score (70% of X) Weighted Financial Score (30% of Y) Composite Score (F=D+E) The bidder with highest score will be qualified as L1 etc.