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Two envelope contract is to be constructed where each contractor submits two envelope; technical and financial envelope. Select the best contractor considering the following information:
Two envelope contract is to be constructed where each contractor submits two envelope; technical and financial envelope. Select the best contractor considering the following information:
Criterion | Contractors | ||||
A | B | C | D | E | |
Bid amount (106 SR) | 8 | 6.5 | 6 | 7.2 | 7.5 |
Life cycle cost (106 SR) | 2 | 1.5 | 2.2 | 1.3 | 1.4 |
Years in business | 30 | 18 | 16 | 27 | 10 |
Project duration (months) | 18 | 24 | 23 | 21 | 22 |
Reputation and staff | VG | G | G | E | VG |
Note: E = Excellent @ 100%, VG = very Good @ 80%, G = Good @60%
Given that:
- Financial evaluation = 40% of them, 30% on Bid amount only
- Technical evaluation is distributed evenly on all criteria
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