Evaluation Criteria
- Cost and pricing competitiveness (25%)
- Quality and reliability track record (25%)
- Delivery performance and lead times (20%)
- Financial stability and risk profile (15%)
- Innovation and technology capabilities (15%)
Scoring Methodology
Rate each vendor on a 1-5 scale for each criterion. Apply weights to calculate overall score.
- 5 = Exceptional performance
- 4 = Above expectations
- 3 = Meets expectations
- 2 = Below expectations
- 1 = Unacceptable
Comparison Matrix
Document scores for each vendor side-by-side for easy comparison and decision-making.
Selection Process
- Identify evaluation team and stakeholders
- Collect vendor information and references
- Score independently, then calibrate
- Document rationale for final selection