oboloo

oboloo Glossary

Award Criteria

oboloo Glossary

Award Criteria

Award Criteria

There are a few key things that you should keep in mind when developing the award criteria for your procurement process. First, you need to make sure that the criteria are clear and concise. Second, the criteria should be objective and based on quantifiable information. Finally, the award criteria should be fair and reasonable.

When crafting the award criteria for your procurement process, clarity is key. The last thing you want is for there to be confusion or ambiguity surrounding the standards by which bids will be evaluated. Be as direct and specific as possible in establishing what factors will be considered in awarding the contract.

The award criteria should also be objective. In other words, they should be based on measurable or quantifiable information. This ensures that all bidders are evaluated according to the same standards and that subjectivity does not play a role in the decision-making process.

Finally, it is important to ensure that the award criteria are fair and reasonable. All bidders should have a chance to win the contract as long as they meet the established expectations. Unreasonable or impossible standards will only serve to discourage competition and could result in legal challenges down the road.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971