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When is Commercial Evaluation & Contractual Evaluation Matrix used?
Please refer to Commercial
Evaluation chapter in Execution-MiH
Tool/Solution Evaluation section for context of the template.
This template is used in conjunction with the
Vendor Evaluation Matrix
,
Delivery Evaluation Matrix and technical evaluation
matrix.
This template is used to create
an RFP as well as throughout the evaluation process and is constantly
revised till the end-point of the evaluation exercise.
Why is it used?
For decision on significant investment
on a tool, one needs to have a systematic basis for taking a decision
and also to demonstrate that there is a well-defined diligence process.
These decisions include various levels and stakeholders in a company,
and using these kind of templates help to separate emotions from
facts.
How is it used?
This template is first used to create
'Commercial & Contractual' related questions in Request for
Proposal (RFP). Post this, once you get information from the Vendor
as well as the data you have gathered from your own channels and
research, lead to the gradual filling-up of the matrix. The rating
scale of the matrix is like a business definition piece where the
evaluators are defining their range of expectations.
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