Source selection criteria describes properties that are crucial for a purchaser when deciding on a supplier. Criteria can be subjective or objective. Individual judgment can be biased, which may require balancing with objective measures. One approach is to identify a list of criteria such as cost and financial stability, assign a weight to each one and to score each vendor on each criterion. Then multiply the score by the weight and sum to get a final score.
Criteria Criteria can be specific to the desired item(s). Sample criteria: Total costs (including works and maintenance) Ability to finance Capability for technical matters The distribution of risks The shape of business Previous works and references Providing Warranty
See also Vendor bid analysis Stock selection criterion Government procurement in the United States
References
External links Department of Defense Source Selection Procedures - USTranscom