17  I. the price offer is made within the stipulated range for financial offers indicated in  the tender specifications and;  II. the financial offer satisfies the formal requirements of the tender specifications.  Tenders for which financial offers were made within the stipulated range and satisfied the  formal requirements indicated in the tender specification will be retained for the  identification of the tender with the best price-quality ratio based on the following formula: C) THE BEST PRICE-QUALITY RATIO  TOTAL SCORE OF THE EVALUATED OFFER (C) = 30 * Cheapest price offer/price of tender X + 70 * Total quality score (out of 100) for all quality award criteria of tender  X/100