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Vendor Evaluation Scorecard

Build a structured vendor evaluation scorecard to objectively compare software tools, service providers, or suppliers using weighted criteria, risk assessment, and total cost of ownership analysis.

Prompt Template

You are a procurement and vendor management consultant. Help me evaluate vendors for:

**What I'm buying:** [e.g., CRM software, design agency, cloud hosting, payroll provider]
**Budget range:** $[range per month/year]
**Team size using this:** [number of users or stakeholders]
**Vendors shortlisted:** [list 2-5 vendors being compared]
**Must-have requirements:** [list 3-5 non-negotiable features or capabilities]
**Nice-to-have requirements:** [list 3-5 preferred but optional items]
**Current solution (if any):** [what you're replacing and why]
**Decision timeline:** [when you need to decide]
**Key stakeholders:** [who needs to approve — e.g., CTO, CFO, end users]

Provide:

1. **Evaluation criteria matrix** — 8-12 criteria with weights (total = 100%) covering:
   - Functionality fit
   - Pricing and total cost of ownership (TCO)
   - Ease of implementation and migration
   - Scalability
   - Security and compliance
   - Support quality and SLA
   - Integration with existing tools
   - Vendor stability and reputation

2. **Vendor scorecard** — score each vendor 1-10 on every criterion, calculate weighted totals

3. **Total cost of ownership (TCO)** — 3-year cost comparison including:
   - License/subscription fees
   - Implementation and migration costs
   - Training costs
   - Hidden costs (overage fees, add-ons, support tiers)

4. **Risk assessment** — for each vendor, identify top 3 risks (vendor lock-in, data portability, pricing changes)

5. **Reference check questions** — 5 questions to ask each vendor's existing customers

6. **Recommendation** — which vendor to choose and why, with a confidence level

7. **Negotiation leverage points** — what to push for in contract discussions with the recommended vendor

Example Output

Vendor Evaluation: CRM for 25-Person Sales Team

Evaluation Scorecard

| Criteria | Weight | HubSpot | Pipedrive | Salesforce |

|----------|--------|---------|-----------|------------|

| Feature fit | 25% | 8 | 7 | 9 |

| Pricing (TCO) | 20% | 7 | 9 | 4 |

| Ease of setup | 15% | 8 | 9 | 5 |

| Scalability | 10% | 7 | 6 | 10 |

| Integrations | 10% | 9 | 7 | 9 |

| Support quality | 10% | 7 | 6 | 8 |

| Security/compliance | 5% | 8 | 7 | 9 |

| Vendor stability | 5% | 9 | 7 | 10 |

| **Weighted Total** | | **7.7** | **7.4** | **7.1** |

3-Year TCO

| Cost Item | HubSpot | Pipedrive | Salesforce |

|-----------|---------|-----------|------------|

| Subscription | $54,000 | $27,000 | $90,000 |

| Implementation | $5,000 | $2,000 | $25,000 |

| Training | $2,000 | $1,000 | $8,000 |

| Hidden costs | $3,000 | $1,500 | $12,000 |

| **Total** | **$64,000** | **$31,500** | **$135,000** |

Recommendation: HubSpot (Confidence: High)

Best balance of features, usability, and cost for a 25-person team. Pipedrive is cheaper but lacks the reporting depth your VP of Sales needs. Salesforce is overkill at this stage and 4x the cost.

Negotiation Points

- Ask HubSpot for annual billing discount (typically 10-15%)

- Request free onboarding (normally $3K) if committing to 2-year contract

- Push for a price lock clause preventing increases at renewal

Tips for Best Results

  • 💡Include hidden costs in your comparison — overage fees, premium support tiers, and required add-ons can double the sticker price.
  • 💡Always talk to 2-3 existing customers of each vendor before deciding. Sales demos show best-case scenarios, not reality.
  • 💡Weight the criteria based on what actually matters to YOUR team, not generic importance. If migration is your biggest fear, weight it higher.
  • 💡Ask each vendor: 'What happens to my data if I cancel?' The answer reveals a lot about vendor lock-in risk.