An RFP Calibration Session is a structured meeting conducted by an organization to ensure consistent and fair evaluation criteria are applied by all reviewers assessing responses to a Request for Proposal (RFP). Its purpose is to standardize scoring and decision-making processes.
Mechanism
This session typically involves reviewers discussing and aligning on the interpretation of RFP requirements, the weighting of evaluation criteria, and the scoring methodology before reviewing actual proposals. It often includes reviewing sample responses or hypothetical scenarios to ensure inter-rater reliability in assessing vendor capabilities for crypto infrastructure or trading solutions.
Methodology
The strategic approach aims to mitigate subjective bias and improve the objectivity of vendor selection. It employs a facilitated discussion format to establish a shared understanding of performance benchmarks and risk tolerance, thereby strengthening the integrity of the procurement process for critical systems in the crypto institutional trading space.
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