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How do I score Pricing Criteria? (For Evaluators)

After logging in to evaluate, scroll down to Your Scores.

Next to the Vendor that you would like to score, navigate to the pricing criteria and click on the dash in the scorecard. 

A window will pop up with 2 fields: one for inserting the price that the Vendor supplied, and the other for any commentary you may have. 

 

 

Bonfire then automatically calculates the score associated with the price based on the pricing provided by all vendors. The lowest price receives the highest score, the 2nd lowest price receives the 2nd highest score and so forth. The scores are assigned proportionally based on the lowest price. The formula used to score pricing follows:

Score = (Lowest Cost / Cost Being Evaluated) X Pricing Criteria Weight 

 

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