The Price Quality Method (PQM) is a structured tender evaluation framework which takes into account both price and non-price attributes to evaluate construction tenders. PQM adopts a range of weightages for evaluation of attributes and formalises the assessment of non-price attributes into quantitative scores. The framework optimises value by enabling the tenderer with the highest combined PQM score (i.e. best offer) to be selected for award.
Who is it for
The PQM applies to all public sector construction tenders under the BCA Construction Workheads (CW01 & CW02) with an Estimated Construction Cost (without contingency sum) of $3 million and above.
How it works
The PQM framework accounts for both price and non-price attributes of tender proposals to determine the best value-for-money among all submitted proposals. The Constructability Score (CS) Index will be removed from 1 February 2023 to allow GPEs higher weightage in assessing Integrated Planning & Design (IPD) and Advanced Manufacturing & Assembly (AMA) related quality attributes under the Quality proposals. Depending on project requirements such as complexity of the project and extent of inputs from tenderers, the evaluation of tenders can be designed based on the following range of weightages.
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Component
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Weightages
(Effective from 1 Jun 2022)
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Price
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40%-60%*
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Quality
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60%-40% correspondingly
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*For building tenders only. Civil engineering tenders adopt a 10% higher price weightage.