120005 O5 F31_SolicitationEvaluationCriteria Final.docx

SOLICITATION EVALUATION CRITERIA

SOLICITATION NUMBER: 120005 O5, Consulting and Actuary Service Opening Date: Monday, January 6, 2025

Mandatory Requirements The solicitation responses will first be examined to determine if all mandatory requirements listed below have been addressed to warrant further evaluation. Responses not meeting mandatory requirements will be excluded from further evaluation. The mandatory requirement items are as follows:

Contractual Agreement Form, must be signed manually in ink or by DocuSign;

Corporate Overview;

Technical Approach; and Cost Sheet.

Evaluation Criteria All responses to this solicitation, which fulfill all mandatory requirements, will be evaluated. Each category will have a maximum possible point potential. Areas that will be addressed and scored during the evaluation include:

Part 4 – Cost Sheet Points Cost Sheet points should be calculated as follows:

0. Establish lowest cost submitted – lowest cost submitted receives the maximum points.

0. To assign points to all others, the following formula should be followed:

Lowest Cost Submitted Cost Submitted x Maximum Possible Cost Points = Cost Points to Award (see samples below)

Formula

Sample

Sample

Sample

Lowest Cost Submitted

$100,000

$100,000

$100,000

Cost Submitted

$100,000

$200,000

$150,000 x Maximum Possible Cost Points

= Points To Award

20.00

10.00

13.33

SPB Form 31 Effective 7-19-2024