Price Proposal Score definition
Price Proposal Score means the score for evaluation of the Price Proposal Score as determined pursuant to ITP Section 5.3.2.
Price Proposal Score means the score calculated in accordance projects evaluation criteria.
Examples of Price Proposal Score in a sentence
The Proposal with the lowest submitted Grand Total Price Proposal shall receive the maximum 100 points (Lowest Price Proposal Score = 100 points).
Other Proposals received shall be scored using the following formula: Other Price Proposal Score = Lowest Price Proposal ($) / Other Price Proposal ($) x 100 The best value points for the Price Proposal will be calculated using the weighted formula in Table 2.
Total score shall be calculated as below: Total Score = Technical Proposal Score + Price Proposal Score The bid with the highest overall score will be awarded the project.