## Formulas

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
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
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
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
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 quali...
Mon, 30 Mar, 2020 at 8:01 AM
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
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
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
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, 28 Jun, 2022 at 5:24 PM
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