Evaluating, negotiating and scoring vendor submissions
Once the vendors have all submitted there bids we can start the next phase of the tendering process evaluating, scoring and negotiating vendor submissions.
Once you have opened the bids submitted by the vendors, you may enter into negotiations with them by using the correspondence and negotiation controls.
This way all your negotiations and correspondence will be recorded for future reference.
Typically when evaluating vendor submissions the customer would initially focus on 2 main areas.
1. The price of the item, (which vendor has quoted the cheapest price), this will be highlighted in blue throughout the reports.
2. Whether the items is compliant, if the item is fully compliant the vendor has matched the customers needs.
After this primary round the customers may then decide to short list the bids and score the vendors to fine tune there evaluation.
