Bid Quality Score
Score
Uses a scoring system to evaluate the quality of bids based on predefined criteria, reflecting the likelihood of winning and alignment with client needs.
Formula
(Average of Assigned Scores per Bid)
Example
If 5 bids receive scores of 6, 7, 8, 7, and 6, the bid quality score is (6+7+8+7+6)/5 = 6.8.