13 Examples of Source Selection Criteria
In my previous articles, I have discussed what source selection criteria is. It is more of the conditions that you look at before you award a contract. This ensures that an awardee is not biased when awarding contracts. In this article, I want to look at some of the examples of source selection criteria that you need to know.
#1 Understanding of needs
Does the seller’s proposal effectively address the procurement Statement of Work while demonstrating a clear understanding of the needs?
#2 Overall or life-cycle cost
Does the selected seller produce the lowest total cost of ownership, which includes the purchase cost and operating cost?
#3 Technical capability
Does the seller have or is the seller expected to acquire the technical skills and knowledge needed for the project?
#4 Management approach
Does the seller have or can the seller reasonably develop the management processes and procedures to ensure a successful project?
#5 Technical approach
Does the seller’s proposed technical methodologies, techniques, solutions, and services meet the project’s requirements?
Does the seller provide a warranty for the final product and for what duration?
#7 Financial capability
Does the seller have or is the seller expected to obtain the necessary financial production capability and interest resources?
#8 Production capacity and interest
Does the seller have the capacity and interest to meet the project requirements?
#9 Business size and type
Does the seller’s company meet a specific category of business defined by the buyer, or established by a governmental agency, and included as a condition in the contract? Categories could include small, women-owned, or disadvantaged small business.
#10 Past performance of sellers
Does the company have past experience with selected sellers?
Does the seller provide references from previous customers verifying the seller’s work experience and compliance with contractual requirements?
#12 Intellectual property rights
Are intellectual property rights established by the seller in work processes or services to be used for the project?
#13 Property rights
Are proprietary rights ensured by the seller in the work processes or services to be sure for the project?
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