Average number of bids by Procuring Entity by Procurement Method
This chart depicts the average number of bids by Procuring Entity by Procurement Method. The x-axis contains the name of the Procuring Entity and the y-axis the respective average number of bids.
The system takes into consideration the “number of tenderers” that participated in each tender, by “Procuring Entity” by “Procurement Method”. The average number of bids is calculated as per below: