Scoring Developer Bids: Rent, Corpus and Carpet Area Compared

A simple weighted score tells your society far more than the biggest headline offer ever will.

Score developer bids instead of ranking them by headline numbers. Give each offer weighted points across extra carpet area, transit rent, corpus, bank guarantee, timeline and track record. Weighted scoring exposes an offer that is generous on paper but weak on delivery, which gut feel usually misses.

Why does a scoring method beat gut feel?

In most society meetings one number does the talking, usually the extra carpet area. A scoring method forces every offer to be judged under the same headings, with the weights agreed before the bids are opened. That one discipline removes the two commonest problems: members arguing from different private priorities, and a confident presentation carrying the room. Our offer comparison tool scores up to four offers side by side on a common scale.

How should the money terms be weighted against each other?

Extra carpet area usually deserves the largest single weight, because it is permanent. Transit rent and corpus matter differently. Rent only needs to cover what it actually costs your members to rent nearby during construction, so test each offer against real market rents in your own locality with the rent comparison tool. Corpus is best judged not as a headline lump sum but by whether its interest covers future maintenance, which the corpus fund calculator will show you. A corpus that sounds generous but leaves the society short every year deserves fewer points than it first appears to.

Why is the highest bid not always the best bid?

Because none of it reaches you unless the building is finished. Give genuine weight to delivery capacity: MahaRERA registration, completed redevelopment projects of similar size, the strength of the bank guarantee (the Government of Maharashtra directive dated 4 July 2019 contemplates a guarantee of around 20%), and a firm completion period, taken as about two years under the same directive. Weight also the developer's readiness to accept a registered Development Agreement and PAAA without dilution.

A simple rule serves most societies well: where two offers sit within a few points of each other on money, let track record and financial guarantee decide the winner.

Work it out for your own society

It scores up to four developer offers side by side and shows you which one actually leads once every heading is weighted.

Open the Offer Comparison Tool

Common questions

What weights should a society give to each heading?

There is no official set of weights. Most societies put the largest weight on extra carpet area because it is permanent, a moderate weight on transit rent and corpus, and a meaningful combined weight on developer track record, MahaRERA registration and the bank guarantee. Agree your weights in the committee before opening any bid.

Should the developer's track record really outweigh money terms?

Not outweigh, but sit alongside them. Money terms only materialise if the project is completed. The 4 July 2019 directive already builds in protections such as a bank guarantee of around 20% and completion in about two years. An offer that resists those safeguards should lose points however attractive its numbers look.

Can we compare offers if the developers quote areas differently?

Convert everything to the same basis first. One offer may quote built-up area and another RERA carpet area, which is net usable floor area excluding walls under DCPR 2034 and RERA 2016. Use the carpet and built-up converter to bring all offers to one measure, then score them.