PART 3 TENDER SPECIFICATIONS for LOT 3  3.3.2 PRICE OF THE OFFER  The Financial Offer form  Annex III (c)  contains ten (10) price boxes, which shall be completed with a  monetary amount by the tenderer. Please note:  If any price box is left blank by the tenderer then the Financial Offer will be considered to  be invalid and will be eliminated from further evaluation.  The price points shall be calculated based on the following price scenario formula:  P $_{B}$ = P 1  + P 2  + P 3  + (120 x P 4 ) + (120 x P 5 ) + (120 x P 6 ) + (120 x P 7 ) + (100 x P 8 ) + (100 x P 9 ) + (100 x P 10 ) PP = (PC / PB) x 100  Where;  PP  = Weighted price points  PC  = Cheapest bid price received  PB  = Bid price being evaluated  The contract will be awarded to the offer that is the most cost effective (offers the best value for money)  which obtains the highest number of points after the final evaluation, based on the ratio between the  quality criteria (70%) and the price (30%).  The following formula will be used:  Where;  QP  = Qualitative points  PP  = Price points TWP  = Total weighted points score  In case the successful tenderer is unable to sign the contract for any reason, the Contracting Authority  reserves the right to award the contract to other tenderers as per the ranking order established  following the evaluation procedure.  page 24 of 25  F-COD-20-T03:  LOT 3  Audio-visual material development, Journalistic, Public Affairs and Back Office Support TWP = (QP x 0.7) + (PP x 0.3)  3.3.3 AWARD OF THE CONTRACT 