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Plain-language definitions of every Evaluation Methods term that shows up in government tender work.
The practice of comparing tender prices or procurement costs against reference rates such as the Schedule of Rates, past award prices, or market data to assess value for money.
Read definitionA tabular summary prepared by the TEC listing all qualified bidders and their quoted prices side by side to determine the L1 ranking.
Read definitionA real-time online auction where technically qualified bidders progressively lower their prices, with the lowest bid at close winning the contract.
Read definitionThe stage where financial bids of technically qualified bidders are opened, compared, and ranked to determine the L1 winner.
Read definitionA consultancy evaluation method where the government fixes the budget and awards the contract to the technically highest-scoring firm that stays within that budget.
Read definitionThe technically qualified bidder with the lowest financial bid in a government tender, who is the default winner in India's predominant procurement evaluation system.
Read definitionThe CVC-regulated process of negotiating price with the lowest bidder after evaluation, permitted only to assess rate reasonableness, not to arbitrarily reduce the L1 price below a fair level.
Read definitionThe technically qualified bidder with the second-lowest financial bid, who may be awarded the contract if L1 declines or fails to execute, but only at L1's price.
Read definitionThe technically qualified bidder with the third-lowest financial bid, part of the fallback sequence in government tender awards if both L1 and L2 decline to execute the contract.
Read definitionA consultancy evaluation method where technically qualifying firms compete on price alone, with the lowest-priced firm winning the assignment.
Read definitionAn evaluation concept where the winning bid is selected on the best combination of price and quality factors rather than price alone.
Read definitionEligibility requirements in a tender that a bidder must fully meet to proceed to financial evaluation, with no partial credit for partially meeting the threshold.
Read definitionThe assessment by the TEC of whether the L1 bid price is within an acceptable range of the government's estimated cost before recommending award.
Read definitionA selection method that combines technical quality and price scores using a pre-declared weighting to pick the winner.
Read definitionA consultancy selection method where the highest-ranking firm on technical quality is invited to negotiate price, used when quality of approach is so critical that price competition would compromise outcomes.
Read definitionA live online auction where qualified bidders compete by lowering their price, used widely on GeM and PSU portals.
Read definitionA technical evaluation approach where each bidder's submission is awarded marks against published sub-criteria, used mainly in QCBS consultancy tenders.
Read definitionA non-competitive consultancy procurement method where a contract is awarded directly to one firm without inviting proposals from others.
Read definitionThe stage in tender evaluation where the Tender Evaluation Committee checks whether each bidder meets the eligibility and qualification criteria specified in the NIT.
Read definitionThe panel of government officers responsible for opening bids, evaluating technical and financial submissions, and recommending the L1 bidder for award.
Read definitionThe formal written record prepared by the TEC documenting its bid evaluation findings and recommending the L1 bidder for award.
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