Source Selection Criteria
Define the criteria used to evaluate and select the best vendor for your project.
Template Details
- Format: Excel (.xlsx)
- Size: 34 KB
- Category: Procurement Management
- Prepare by: Parag Pal
What is Source Selection Criteria?
Source selection criteria are used to rate or score seller proposals. These criteria can be objective (e.g., the seller has a certain certification) or subjective (e.g., the seller’s proposed approach is innovative).
Common Criteria:
- Technical Capability: Does the seller have the skills?
- Risk: How much risk does the seller pose?
- Management Approach: Does the seller have good processes?
- Technical Approach: Is the proposed solution sound?
- Warranty: What does the seller guarantee?
- Financial Capacity: Is the seller financially stable?
- Production Capacity and Interest: Can the seller meet the demand?
- Business Size and Type: Does the seller meet any specific requirements (e.g., small business)?
- Past Performance of Sellers: What have other customers said?
- References: Can the seller provide proof of success?
- Intellectual Property Rights: Who owns the work?
- Proprietary Rights: Who owns the tools?
Professional Design
Clean, grid-based layout optimized for both digital use and printing. Designed by industry experts.
Ready to Use
Pre-formatted with essential columns and formulas. Just fill in your project data.
Fully Customizable
Unlock and edit any part of the template to fit your specific project needs.
Branded & Unique
Exclusively created for PM Study Guide with professional branding and structure.
This template was uniquely crafted and optimized for PM Study Guide.
Prepare by: Parag Pal
Frequently Asked Questions
What is a source selection criteria template used for?
A source selection criteria template gives project managers a ready-made, pre-formatted structure to capture and track the source selection criteria without building a spreadsheet from scratch. It standardises the format across projects and saves setup time.
Is this source selection criteria template free to download?
Yes. You can download this source selection criteria template for free from PM Study Guide. It is provided in Excel format and is fully editable so you can adapt the columns and formulas to your own project.
Can I edit the source selection criteria template in Excel or Google Sheets?
Yes. The template is supplied as an Excel (.xlsx) file, which opens directly in Microsoft Excel and can also be imported into Google Sheets. Every field, column, and formula can be customised.
