One of the very important validation activities used by savvy procurement managers during the evaluation process is the matching of the bidders’ responses to the technical and commercial requirements schedules and the bidders’ responses to the financial schedule.
In a nut shell, the idea behind technical and commercial to financial matching, shortened to “matching”, is to ensure all bids are evaluated fairly and on a like-for-like basis. To use the common jargon: “We need to ensure we are comparing apples with apples”.
The following diagram shows the process which is described in the text below.
In a nut shell, the idea behind technical and commercial to financial matching, shortened to “matching”, is to ensure all bids are evaluated fairly and on a like-for-like basis. To use the common jargon: “We need to ensure we are comparing apples with apples”.
The following diagram shows the process which is described in the text below.
