L4M4 Exam Dumps | In the Public Sector, what is the evaluation criteria most often used when evaluating bids from suppliers?

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Question 62/105

In the Public Sector, what is the evaluation criteria most often used when evaluating bids fromsuppliers?

A. Most Economically Advantageous Tender

B. Best Value for Money

C. Cheapest Overall Tender

D. Best Business Fit

Correct Answer: A

Most Economically Advantageous Tender (MEAT) is the Public Sector's go to evaluation criteria.
NOTE that this is changing from October 2023. Public Sector Procurement is currently based on legislation called PCR 2015 which itself is based on EU Procurement Directives. Now the UK has officially Brexited, we're making our own laws and the new Procurement Bill will be coming into effect in November 2024. One of the major changes is that MEAT is changing to MAT (most ad-vantageous tender - without the economical bit).
If you're sitting this exam until July 2024- you're fine- learn what the study guide says. If you're taking the exam from November 2024 I'm not sure what students are expected to do. The entire section on public sector procurement is incorrect for you. My best guess is CIPS may remove questions this section as the study guide will be wrong, but I really don't know how they plan to handle this.
The new Procurement Bill - MEAT to MAT - Hempsons - Hempsons

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