120084 O5 SolicitationEvaluationCriteria.pdf

SPB Form 31 Effective 7-19-2024

SOLICITATION NUMBER: 120084 O5, STD and LTD Insurance Opening Date: Thursday, December 19, 2024

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:

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

2. Corporate Overview;

3. Technical Approach; and

4. 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:

Evaluation Criteria Possible Points Part 1 Corporate Overview 25 Part 2 Technical Approach 65 Part 3 Cost Sheet Points 10

Total Points without Oral Interviews 100

Oral Interviews, (if required) 20

Total Points with Oral Interviews 120

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

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

2. 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 20 20 20 = Points To Award 20.00 10.00 13.33

SOLICITATION EVALUATION CRITERIA