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: 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.

Appears in 5 contracts

Samples: Kwotasie, Kwotasie, Kwotasie

THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: 80/20 Ps 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 4.

Appears in 3 contracts

Samples: Kwotasie, Government Procurement: General Conditions of Contract, Kwotasie

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.

Appears in 2 contracts

Samples: Government Procurement: General Conditions of Contract, Kwotasie

THE 80/20 PREFERENCE POINT SYSTEMS. A maximum of 80 points is allocated for price on the following basis: 80/20 = ⎛ 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 4.

Appears in 1 contract

Samples: Kwotasie