Scoring Financial Offers. Score the financial offers of remaining responsive tender offers using the following formula: NFO = W1 x A where: NFO = the number of tender evaluation points awarded for the financial offer. W1 = the maximum possible number of tender evaluation points awarded for the financial offer as stated in the Tender Data. A = a number calculated using either formulas 1 or 2 below as stated in the Tender Data. 1 Highest price or discount (1 (P Pm) ) Pm P/Pm 2 Lowest price or percentage commission/fee (1 (P Pm) ) Pm Pm/P where: Pm = the comparative offer of the most favourable tender offer. P = the comparative offer of tender offer under consideration.
Appears in 4 contracts
Samples: Contract for Electrical Reticulation and House Connections, Supply and Installation Agreement, Contract for Replacement of Asbestos Pipes
Scoring Financial Offers. Score the financial offers of remaining responsive tender offers using the following formula: NFO = W1 x A where: NFO = the number of tender evaluation points awarded for the financial offer. W1 = the maximum possible number of tender evaluation points awarded for the financial offer as stated in the Tender Data. A = a number calculated using either formulas 1 or 2 below as stated in the Tender Data. 1 Highest price or discount (1 + (P − Pm) ) Pm P/Pm 2 Lowest price or percentage commission/fee (1 − (P − Pm) ) Pm Pm/P where: Pm = the comparative offer of the most favourable tender offer. P = the comparative offer of tender offer under consideration.
Appears in 1 contract
Samples: Contract
Scoring Financial Offers. Score the financial offers of remaining responsive tender offers using the following formula: NFO = W1 x A =W1xA where: NFO = is the number of tender evaluation points awarded for the financial offer. W1 = is the maximum possible number of tender evaluation points awarded for the financial offer as stated in the Tender Data. A = is a number calculated using either formulas 1 or 2 below the formula and option described in Table F.1 as stated in the Tender Data. 1 Highest price or discount A = (1 (+( P - Pm) )) Pm P/A = P / Pm 2 Lowest price or percentage commission/commission / fee A = (1 - (P - Pm) )) Pm Pm/A = Pm / P where: a Pm = is the comparative offer of the most favourable tender comparative offer. P = is the comparative offer of the tender offer under consideration.
Appears in 1 contract
Samples: Construction Contract
