Common use of THE 80/20 PREFERENCE POINT SYSTEMS Clause in Contracts

THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: = ⎛ 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

THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: = ⎛ Ps 80 ⎜ 1 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

THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: Where = ⎛ 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

THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: = ⎛ Ps 80 ⎜ 1 − ⎝ 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