Question
Two envelope contract is to be constructed where each contractor submit two envelops; technical and financial envelope. Select the best contractor considering the following information:
Two envelope contract is to be constructed where each contractor submit two envelops; technical and financial envelope. Select the best contractor considering the following information:
Criterion | Contractors | ||
A | B | C | |
Bid amount (SR) | 8,500,000 | 7,500,000 | 9,000,000 |
Life cycle cost (SR) | 2,500,000 | 2,600,000 | 2,000,000 |
Experience (years) | 25 | 18 | 20 |
Project duration (Months) | 20 | 22 | 18 |
Construction Method (Descriptive) | E | VG | G |
Assume that: Excellent = 95%, very good = 75 % and good = 55%.
Financial evaluation = 40% of them 25% on bid amount only.
Technical evaluation is distributed equally for all criteria.
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