An industry best practice when examining bids from vendors $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Question $4$ options:

is to look primarily at the commercial bid with the lowest bid

is to rule out vendors who do not meet technical criteria even though they have attractive commercial terms

is to look at the bids of the vendors with highest rating

is to look at vendors with referrals from peers only