Source selection criteria

Source selection criteria describes properties that are crucial for a purchaser when deciding on a supplier. Criteria can be subjective or objective. Individual judgment can be biased, which may require balancing with objective measures. One approach is to identify a list of criteria such as cost and financial stability, assign a weight to each one and to score each vendor on each criterion. Then multiply the score by the weight and sum to get a final score. .

Criteria
Criteria can be specific to the desired item(s). Sample criteria:
 * Total costs (including works and maintenance)
 * Ability to finance
 * Capability for technical matters
 * The distribution of risks
 * The shape of business
 * Previous works and references
 * Providing Warranty