CONCEPT PRACTICE
Weighted vendor proposal evaluation standards
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Q64. Procurement is performed by using the comprehensive evaluation bidding method under the conditions shown below. When the bidding prices and technology points of Companies A to D are as shown in the table below, which of the following is the successful bidder? [Conditions] (1) The bidder with the highest comprehensive evaluation points obtained by summing up the price points and the technology points is the successful bidder. (2) The target price is 100,000 dollars. Any bids that exceed the target price are not evaluated. (3) The price points are calculated by the formula shown below. [1 − (Bidding price / Target price)] × 100 [Bidding price and technology points of Companies A to D] Bidding price (1,000 dollars) Technology points Company A 70 50 Company B 80 65 Company C 90 80 Company D 110 100 Source visual transcription: Bids in$1,000,technology points:A70,50;B80,65;C90,80;D110,100. Ceiling$100,000. Price points=[1−(bidding price/target price)]×100;add technology points;exclude bids above ceiling.
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Source: 2023S_FE_AM_Questions.pdf, PDF page 24. ID: 2023S-AM-Q064. Explanation written for this textbook.