The Best Value for Money principle must be turned into a practical methodology in view of assessing vendors' bids or proposals and enabling the recommendation of a Contract award. The methodology of criteria, points, weight and final score can include from basic to a complex mathematical and algorithm model, depending on the size and needs of the project.

The Evaluation Criteria, weighting, and rating system shall be fully documented in the Source Selection Plan as this information can be critical in the presentation of the procurement case during the review by Committee of Contracts review.