Work out lowest evaluated cost instantly with clear inputs, formula shown and shareable results.
Lowest evaluated cost adds monetised adjustments to the bid price for differences in operating cost, delivery timing and technical deviations, so that non-identical offers become comparable. The adjustment criteria must be published in the tender to be defensible.
Evaluated cost
Evaluated cost = Bid price + Operating cost adjustment + Delay adjustment + Deviation loading
Indicative estimate only. Fees, entitlements, limits and formulas vary by jurisdiction, statute, policy wording and the facts of the case. This is not legal, tax, insurance or financial advice — confirm with a qualified professional or the relevant authority.
Yes, in the tender documents and in monetary terms. Adjustments invented after bids are opened are the most common ground for a procurement challenge.
Energy consumption over the asset life, spares and maintenance cost, delivery lead time, and quantified performance shortfalls against specification.