The IFAMD Certificate for industrial Goods Tenders
The following basic requirements must be met for a tender process to be eligible for the IFAMD quality certificate:
Negotiation design / mechanism design: Game theory, as well as negotiation and auction theory provide a wealth of negotiation and auction models, each of which will yield different results in different competitive settings. The IFAMD certificate guarantees the application of a comprehensive and clearly defined negotiation and decision process, which is communicated transparently to all participating parties.
Comparability: Potential suppliers and their offers are to be evaluated based on the total value of ownership approach. This results in a bonus or penalty for each supplier, which is used in the negotiation stage to adjust the competition argument.
Commitment: Each participant in the final round of negotiations receives a contract which commits the buyer to the decision process that was previously communicated.