Evaluate The Expressions Of Interest When They Have Gone To The Market

This paper will seek to explore the various models and frameworks used by organisations to evaluate the expressions of interest they receive, after they have gone to the market with requests for proposals. In doing this we will both explain and define the required steps and necessary procedures needed in order to arrive at a balanced and professional decision. There are many schools of thought and all of them have common themes, we will not be able to explore all of them due to the constraints of word count but we will seek to provide a variety of options and how they share many common traits. Most seek to employ the use of fair and even distribution of information as well as utilise scorecards in varying complexity to both mitigate personal

This means would the supplier be able to supply the goods and or services without compromising on both the speed of delivery of the product and the quality of the offering. In order to determine this it might be advisable to undertake a site visit and seek to gain a better understanding of the suppliers business in order to determine viability moving forward. The other key point to consider here is the technically capacity of the intended supplier, meaning are they in a position to supply goods and services without resorting to a reduction in the quality of the product.
The above should be used to arrive at a short list of possible options and at this point the focus shifts to the financial performance of the applicants in order to determine the most viable option (Solish 2012). In looking at these areas it can be broken down into three sub sections, firstly the liquidity of the business this can be compiled via the use of accounting ratios. Formulas for all ratios discussed are listed in the

Also private business is under no obligation to provide this information and caution must be used in attempting to obtain it as it may end up alienating a potential supplier who may take offence to the request. Therefore if it is deemed a vital component of the initial request for proposal it should be documented and listed as a requirement at the time of