A Bid/ No-bid Evaluation Criteria is a guideline of the bid/ no-bid decision making that consists of a matching the company business policy including future opportunities in business areas, locations, and technologies; available resources and experiences; winnable and profitable of the project; soundness of the client and the project realistic. The Bid/ no-bid Evaluation Criteria also includes competitors’ strength and weakness; execution risks; contract terms and conditions; definition of the scope of work; guarantee and liability; localisation uncertainty; long term business relationship, etc.

Related Definition: The Project Proposal