Alok K Saksena & Partners ::ICV-ICV Evaluation In Tenders

ICV Evaluation In Tenders

Applying ICV in Commercial Evaluation of Tenders

Name of Bidder Company	ICV Score	Bid Amount (in QAR mn)
A	35%	100
B	40%	105
C	32%	97
D	30%	95

ICV

ICV Overview & Why ICV

Our Approch & The Process

ICV Evaluation In Tenders

ICV Score Calculation

1st Step:Boundary Condition Evaluation

(a) Bid amount should not exceed 10%* of lowest bidder. (QAR 95+10% = QAR 104.5 million is boundary limit)
(b) Bidder Company ‘B’ is disqualified for further evaluation process.

Name of Bidder Company	ICV Score	Bid Amount (in QAR mn)	Boundary Condition (Boundary limit QAR 104.5)
A	35%	100	Qualified
B	40%	105	(Disqualified)
C	32%	97	Qualified
D	30%	95	Qualified

Note:

Boundary limit is 10% for tenders less than or equal to QAR 200mn.
Boundary limit is 5% for tenders more than QAR 200mn and less than or equal to QAR 500 million.

2nd Step:Commercial Score Evaluation

Commercial Score = Commercial Bid Amount – ICV Score %

Name of Bidder Company	ICV Score	Bid Amount (in QAR mn)	Commercial Score
A	35%	100	(QAR 100 – 35% of 100)	65.00
B	40%	105	(Disqualified)	(Disqualified)
C	32%	97	(QAR 97 – 32% of 97)	65.96
D	30%	95	(QAR 95 – 30% of 95)	66.50

The Bidder Company ‘A’ indicating the lowest Commercial Score will be awarded the Tender at the Bid amount of QAR 100 Million.

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