Award Criteria and Award of Contract. ADO ZP Ratnagiri will award the contract to the successful bidder whose bid has been determined to be substantially responsive and has been determined as the lowest evaluated bid as per the criteria mentioned above, and submission of Performance Bank Guarantee of 3% of total project cost from any Nationalized Bank valid for period of 5 years. provided further that the bidder is determined to be qualified to perform the contract satisfactorily 20.