Formulas

Low Bid Scoring
When evaluating solicitations, there are many different ways to score proposals. Many times, agencies will provide scoring rubrics in which they list out th...
Mon, Jul 8, 2019 at 3:00 PM
Utility Index
The formula:  Ui = [ (1 – (Qbest – Qi) x N) / Pi ] x Pbest Ui : Utility Index Qbest : Quality of the best offer Qi : Quality of the offer N : WQ / W...
Mon, Jul 8, 2019 at 3:09 PM