The GNSO Council's .net committee is currently discussing criteria to be used in picking the next registry operator for .net. There's some discussion about the role that registry-level pricing should play as a crtierion in evaluating the bids: Should the lowest bidder be selected, once baseline technical criteria are met? Or should overall "value" of the proposals (whatever this be) be considered, with price only being a minor factor in this consideration?
I'm arguing that either, baseline criteria + price should be used in evaluating bids, or that "value" needs to be defined, quantifiably: If the GNSO decides to say that apples can balance oranges, then it also needs to find a way to compare them.