Quotations are evaluated with the objective of identifying the offer that meets the agency's requirements and provides the best value for money. Quotations must be fairly and equitably evaluated in a manner that is consistent with the Government's procurement principles. The final decision should be documented and able to withstand public scrutiny.
How to evaluate quotations
Quotations must be evaluated against the conditions for participation (if any), compliance criteria and evaluation criteria contained in Request for Quotation documentation, and using the methodology determined by the Evaluation Committee (usually contained in an evaluation plan).
Detailed guidance information (including templates and matrices), is available here.
Procurement Review Committee approval
For all procurements of goods and services valued at $100 000 and over, your agency's Procurement Review Committee must endorse the process that has been undertaken prior to any advice being provided to suppliers on the outcome of the procurement process and before negotiations are entered into with the preferred supplier or the contact is awarded.