Final Selection of the Eligible Bidder. 18.8.1 Total Relative Score (RS) obtained by each eligible bidder will be calculated as follows separately for each pocket : RS = RSTech X 0.75 + RSCom X 0.25
18.8.2 The eligible bidder will be selected based on maximum Relative Score (RS) obtained.
18.8.3 The bidder with the highest Relative Score (RS) will be selected for further discussion.
18.8.4 In case of a tie after the commercial evaluation stage, the Bank's decision will be final and will be based on marks scored in the technical evaluation only.
18.8.5 The Bidders shall submit their offers strictly in accordance with the terms & condition of the Tender document.
Final Selection of the Eligible Bidder. The technical bid will be analysed and evaluated, based on which the Relative Technical Score (RSTech) shall be assigned to each bid on the basis of parameters mentioned above. Relative Technical Score (RSTech) for each agency will be calculated as follows based on above parameters: RSTech = T / Thigh * 100 Where, RSTech = Relative score obtained by the bidder T = Technical score obtained by bidder THigh = Highest Technical score secured among the bidders Technical Bids receiving a RSTech greater than or equal to a score of 70 (cutoff marks) will be eligible for consideration in the subsequent round of commercial evaluation. If less than 3 bidders qualify as per above criteria (RSTech >= 70), SIDBI reserves the right to short list maximum top 3 bidders subject to RSTech >= 60. Evaluation of commercial bids Relative Commercial Score (RSCom) for each bidder will be calculated as follows: RSCom = CLow / C X 100 RFP No. 314/2022/1681/HO1/DCV Issued on January 05,2022 Page:41 of 98 Where: RSCom = Relative score for Commercial Bid of the bidder C = Commercial bid value of the bidder under consideration CLow = Lowest commercial bid value out of all the eligible commercial bids obtained. FINAL SELECTION OF THE ELIGIBLE BIDDER: Total Relative Score (RS) obtained by each eligible bidder will be calculated as follows: RS = RSTech X 0.70 + RSCom X 0.30 The eligible bidder will be selected based on maximum Relative Score (RS) obtained. The bidder with the highest Relative Score (RS) will be selected for further discussion. In case of a tie after the commercial evaluation stage, the Bank's decision will be final and will be based on marks scored in the technical evaluation only. The commercial bid/quote should include out of pocket expenses / any other expenses. GST would be extra and should not be included in the quote. The Consultant will be assessed and evaluated to deliver on the tasks and deliverables outlined in the scope of work above including any other related task, as well as reaching project targets. The Bidders shall submit their offers strictly in accordance with the terms & condition of the Tender document. RFP No. 314/2022/1681/HO1/DCV Issued on January 05,2022 Page:42 of 98