Maybe u wan to read the other thread again. They first evaluate
the proposal without looking at the bid price. smrt can
submit lowest bid but their proposal might not be good.
I know. Notice I wrote the word "re-look".
Yes, two envelopes. First is on the strategy. Second is on the
costs.
They may probably have looked through the First envelope
already, and this is the shortlisted one.
Now proceeding with Second envelope.
Well, let me correct my statement a bit.
I think it is quite likely that they will analyse every
component of the costs, because even if the bid is the lowest cost,
there may be components inside that may be under-valued or
over-valued.
So when they review, I think 'cost' will not be factored, but
instead 'cost' is the topic and within the 'cost', it's the
components of the costs that will be factored and compared, to
determine the ultimate winner.