Formulas

Choosing an award formula
Negometrix3 currently has made 8 formulas available for the buyer to determine the winning offer. The following formulas are available: Value for money NX ...
Tue, 17 Sep, 2019 at 3:13 PM
Weighted score method
The formula is the sum of the quality score [WQ x Qi] + the price score [WP x (Psetmax - Pi) / (Psetmax - Psetmin))]. WQ x Qi + WP x ((Psetmax - Pi) / (Ps...
Tue, 17 Sep, 2019 at 2:37 PM
Award on Value
Fictional score = Pi - Qi Pi = Price of the offer Qi = Quality of the offer (in €) With the "Award for Value" formula, an arithm...
Fri, 13 Sep, 2019 at 12:22 PM
The Log Formula
Score = WQ x Qi + (WP - WP x log (Pi / Pbest) / log A) Also written as (WQ x Qi) + (WP x (1 - log (Pi / Pbest) / log A)) WQ = Weighting quality Qi = Quali...
Tue, 17 Sep, 2019 at 2:47 PM
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 t...
Tue, 17 Sep, 2019 at 2:44 PM
Ranking based on percentage in questionnaire
Ranking based on percentage in questionnaire results in a ranking within Compare & Select where only the points achieved in the questionnaire are consid...
Tue, 17 Sep, 2019 at 2:57 PM
The super formula
N = Determined on the basis of the X / Y ratio. Pi = Price tender submitted Pref = Price reference quote Qi = Quality of the tender submitted Qref = Quali...
Tue, 17 Sep, 2019 at 3:12 PM
Value for money 50-50 index
EMVI score = (Q / P) * X Q = Quality in% P = Price in € X = constant This formula determines the ranking based on the quality score (between 0 and 100%) di...
Tue, 17 Sep, 2019 at 2:28 PM
What is the Utility Index?
The formula:  Ui = [ (1 – (Qbest – Qi) x N) / Pi ] x Pbest Ui : Utility Index Qbest : Quality of the best tender Qi : Quality of the tender N : WQ /...
Tue, 3 Apr, 2018 at 2:51 PM
Simulate Awarding formulas Negometrix
All different award formulas available in Negometrix are combined in one interactive Excel sheet. Using this sheet one can simulate vendor rankings per form...
Tue, 31 Oct, 2017 at 10:46 AM