Formula: Relate price score to lowest price (formerly known as Low Bid Scoring formula)
EMVI score = WQ x Qi + WP x Pbest / Pi
WQ = Weighting quality
Qi = Quality of own registration
WP = Weighting price
Pbest = The price of the tender with the lowest price
Pi = Price of own registration
The formula is the sum of the quality score (WQ x Qi) and the price score (WP x Pbest / Pi)
It is the most used award formula in the world.
The quality score is achieved just like with most other formulas; WQ x Qi; that is, multiplying the weight of quality (WQ) by the score of the relevant quotation (Qi) is the quality score of quotation “i”.
In practice, WQ x Qi is the sum of multiple (partial) quality criteria and multiple partial scores of the tender i per (partial) quality criterion. So WQ1 x Q1i + WQ2 x Q2i + etc.
The number of price points per quotation i is calculated on the basis of WP x Pbest / Pi
Pi = Pbest applies to the quotation with the lowest price
The number of P points is then WP x 1 = the maximum number of prize points. WP stands for total weight of Price.
A quotation with a higher price than Pbest gets (of course) fewer price points. For example, if the price of quotation i is twice as high as the lowest price, then i gets half the maximum number of price points; because WP x Pbest / (2 x Pbest) = WP x 1/2 is half, or 50% of the total points to be won on price