THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: 80/20 = ⎛ Ps 80 ⎜ 1 − ⎝ Pt − P min ⎞ ⎟ P min ⎠ Where Ps = Points scored for price of bid under consideration Pt = Price of bid under consideration Pmin = Price of lowest acceptable bid 4.
