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.

Frequently Asked Questions

What is the Vendor Evaluation Scorecard prompt?

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. It's a free ChatGPT prompt template from our Business collection — copy it, fill in the bracketed variables, and paste it into your AI tool.

Which AI tools work with this prompt?

It's written and tested for ChatGPT, Claude and Gemini. Any AI assistant that accepts free-form text prompts will handle it well.

How do I customize this ChatGPT prompt?

Replace the bracketed variables — such as [range per month/year], [number of users or stakeholders], [list 2-5 vendors being compared] — with your own details before running it. Include hidden costs in your comparison — overage fees, premium support tiers, and required add-ons can double the sticker price.

Is this prompt free to use?

Yes. Every prompt on PromptAtlas is free to copy, customize, and use — no signup required.