Common use of FINANCIAL PROPOSAL EVALUATION Clause in Contracts

FINANCIAL PROPOSAL EVALUATION. The Financial Proposals of tenderers who obtain Technical Proposal scores ≥ 70 marks will then be opened and evaluated on the basis of the following procedure: a) The lowest priced qualifying proposal will score 100 points. b) For the remainder, the financial scores will be calculated using the following formula: Where, Po = Lowest Price 𝐹𝑠 = 𝑃0 × 100 Fs = Financial proposal score of company being evaluated. c) The price shall include all costs of the total assignment. Failure to do so may cause rejection of the proposal. d) Financial proposals associated with technical proposals that obtain technical evaluation scores of less than 70 marks shall be returned unopened to the Tenderer.