Formulas

Low Bid Scoring Formula
The low bid scoring formula, also know as the “Relative to lowest bid score,” is the most used method / formula in the world. It is called relative to lowes...
Tue, Nov 12, 2019 at 2:46 PM
Utility index
The Utility index is a way of determining the MEAT which is also referred to in the professional literature as ‘Value for Money.' The formula:  Ui...
Fri, Oct 4, 2019 at 11:54 AM