Evaluation Process

The Solicitation and Evaluation Department is responsible for evaluating proposals both technical and financial. Each proposal is evaluated internally as well as externally. External evaluation is performed by experts in the relevant disciplines from academia as well as industry.

Internal Evaluation
The process of Internal Evaluation starts with the submission of proposal by the applicant. The company formally informs the applicant of the receipt of the proposal. In case the information provided in the proposal is inadequate, the proposal is sent back to the applicant highlighting its deficiencies from both technical and financial perspectives, the applicant is also provided sufficient help to improve the proposal and the revised proposal is again evaluated. In case, the proposal is rejected, the applicant is informed accordingly.

External Evaluation
After successful completion of internal evaluation the proposal is sent to at least two external evaluators who have expertise in the relevant area. In case of any changes or modifications marked by External Evaluators, the applicant is informed to do the same. The modified proposal is again sent to external evaluators for re-evaluation, if needed.

Recommendation or Rejection by Solicitation & Evaluation Department
Based on the results of internal and external evaluations, S&E Department takes an unbiased decision about recommendation or rejection of the proposal. Any proposal recommended by S&E will be processed further for approval.

Acceptance of Proposal
Once a proposal is approved by the internal and external evaluators, further evaluation process depends upon the level of funding requested. A Proposal requesting funding less than Rs.15 million does not need further evaluation. A Proposal that requests funding exceeding Rs.15 million is further evaluated by Project Appraisal Committee (PAC). PAC can ask for revision or rejection of proposal. A Proposal requesting funding exceeding Rs.40 million is further evaluated by the Board of Directors after approval given by PAC. The Board can ask for revision or rejection of the proposal. In case of rejection the applicant is informed within 7 days of the final decision.