Bid Evaluation Criteria is a guideline of the contractor selection process that is the quality and quantity provisions of the technical and commercial basis and conditions including the proposed cost, commercial terms and conditions, and other commercial related proposal converted to cost for the Commercial Bid Evaluation, and experiences, technical capabilities, resources, and execution plan, etc., for the Technical and Execution Bid Evaluation. The Bid Evaluation Criteria is weighted for each evaluation categories including the bidder management commitments that should be prepared and developed prior to the bid (ITB (Invitation to Bid) or RFQ (Request for Quotation) requests.
Related Definitions in the Project: The Project Proposal; Procurement
