The so-called price weight is the proportion of price in the total bid score in the whole bidding process.

Ministry of finance documents

Caiku [2007] No.2

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Notice of the Ministry of Finance on Strengthening the Management of Price Evaluation of Government Procurement Goods and Services

Article 3 of which stipulates that

The proportion (weight) of the price score of goods items to the total score is not less than 30% and not more than 60%; The proportion (weight) of the service item price score to the total score is not less than 10% and not more than 30%.

The price score in the comprehensive scoring method is calculated by the low price priority method, that is, the bid price that meets the requirements of the bidding documents and has the lowest bid price is the benchmark price for bid evaluation, and its price is divided into full marks. The prices of other bidders are calculated according to the following formula:

Bid quotation score = (bid evaluation benchmark price/bid quotation) × price weight × 100

If the purchaser or its entrusted procurement agency adopts the comprehensive scoring method for similar procurement projects, the evaluation factors and scoring standards shall not be changed in principle.

Let me give you an example:

Tender for Elevator in City College of Wenzhou University

Technical and credit weight: price weight = 4: 6 (specified in general bidding documents)

When opening the commercial bid, the four companies quoted as follows:

2 million, 3 million, 3.5 million, 4 million

Then take 2 million as the benchmark price for bid evaluation.

The business standard score is:

1, (2 million/2 million) *0.6* 100=60 points (full marks)

2. (2 million/3 million) *0.6* 100=40 points.

3. (2 million/3.5 million) *0.6* 100=34.29.

4. (2 million/4 million) *0.6* 100=30 points

Technical credit standard score+business standard score = total score

Whether you can win the bid depends on the total score.

Good luck.