Processes of evaluation criteria

The process to assess the offers of each of the bidders in order to select the preferred bidder.
Broadly speaking, there are two main types of processes in terms of evaluation criteria:
·         Processes based only on price – where the technical factors should be assessed on a pass/fail basis. This may be referred to as an auction (although auction is more appropriate for asset monetization PPPs, that is, a concession out of existing revenue making infrastructure) and as a least cost selection.
·         Processes based on price in combination with other qualitative factors – basically related to quality of the technical offer (approach to construction and project design, and approach to operations and maintenance [O&M]). This may be referred as Quality and Cost Based Selection (QCBS), or more frequently as Most Economically Advantageous Tender (MEAT).