We appreciate your visit to What are the two criteria used to ensure that the allocation percentages decided during the procurement process are used when tendering 1 Sequential Ratio Tendering. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
The correct criteria used for ensuring allocation percentages during tendering are 'Ratio; Quantity Tendering,' which assess a bid's adherence to established weighted criteria and the scale of what's offered. Therefore, the correct answer is option 1.
When it comes to ensuring that the allocation percentages decided during the procurement process are followed during tendering, there are specific criteria used in the evaluation of tenders that align with the outlined requirements. In procurement, tenders are assessed based on their adherence to criteria set in the tender documentation. A procurement process is akin to multi-criteria decision-making, where each bid is analyzed against these criteria for compliance and suitability.
The correct answer to the question is "Ratio; Quantity Tendering," as this combines both assessment of the proportionate value or weight assigned to each criterion (Ratio) and the magnitude or scale of goods and services provided in the tender (Quantity). Therefore, when considering tender evaluations, we find ourselves weighing the qualitative and quantitative aspects of each bid to determine the most advantageous offer, without attributing unwarranted precision to this evaluation. Therefore, the correct answer is option 1.
Thanks for taking the time to read What are the two criteria used to ensure that the allocation percentages decided during the procurement process are used when tendering 1 Sequential Ratio Tendering. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada