VFMFocus®
VFMFocus® is a software application that supports the selection of the best value for money response in any procurement proposal. It is intended for use on high value, complex, high risk projects.
VFMFocus® uses words rather than complicated scoring systems to support balanced decisions that consider all reasonable risk factors. This enables evaluators to rank complex proposals on the basis of their relative "value" based on compliance to requirement and on risk.
The value results are then compared with price, which is a two-stage
system that enables ranking on "value for money".
A wide range of evaluation reports in
Microsoft
Word© give a structured, comprehensive, and defensible outcome.
As the evaluation structure, the risk profiles and the compliance
criteria are all user definable, the tool can be used in an almost
infinite number of situations.
The package has provision for:
- defining structured and consistent evaluation criteria (factors);
- incorporating risk assessments into the evaluation through a unique graphical feature;
- defining and entering a standard set of words so that a consistent interpretation is adopted by all evaluators;
- scoring that relates rating adjectives to the relative importance of the evaluation criteria;
- extracting the Tender Request clauses easily from Microsoft Word©, DOORS®, RDT® or delimited text files;
- allocating specific clauses of the Tender Request to the relevant evaluation criteria;
- allowing multi-user and secure access to the evaluation database;
- providing a standard repository for evaluators comments linked to both the Tender Request and the proposals received;
- structuring assessment input based on a standard set of words to avoid 'blind evaluation by the numbers';
- tracking clarification questions and the responses;
- producing a structured draft evaluation report based on the evaluators' input; and
- exporting the draft report easily into MS Word© document for final formatting.
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