Cost_Formula-reward_average_cost_for_RFP.docx
DOCX document 15 KB Posted
- Attached to
- Snow and Ice Control State and local contract opportunity
- Solicitation number
- 2025-CRFP-CNH-272
- Issued by
- New Haven County, Connecticut
About this file
The document is a technical file describing cost scoring methods for Request for Proposal (RFP) evaluations, specifically focusing on "Reward Average Cost" and "Reward Low Cost" pricing calculation formulas. The file details how proposal costs are translated into point allocations, demonstrating a mathematical approach to evaluating competitive bids where the lowest cost proposal receives the maximum point allocation, and other proposals receive proportional points based on their pricing relative to the lowest bid.
The related state and local contract opportunity involves the Connecticut Department of Public Works seeking snow removal equipment and operators to supplement city snow and ice control efforts for the 2025-2026 winter season. The cost formula document provides insight into how potential vendors might be scored, with pricing playing a significant role in the evaluation process. The scoring methodology allows for a systematic approach to comparing proposals, where cost is a critical factor in determining the most advantageous bid, with lower-cost proposals receiving higher point allocations across a 30-point cost evaluation scale.
View the file
Other files for this state and local contract opportunity
| File | Type | Posted |
|---|---|---|
| Snow_and_Ice_Control.pdf | ||
| Minimal_Vehicle_Requirements.xlsx | XLSX spreadsheet | |
| EEOC_Vendors_Notice_of_Fees.pdf | ||
| 9a-Exhibit__RFP_Standard_Form_of_Agreement_-_City_of_New_Haven.pdf | ||
| Evaluation_Criteria_for_OpenGov.docx | DOCX document | |
| 9b-Exhibit__RFP_Standard_Terms_Part_II_-_City_of_New_Haven.pdf |
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Text version
A Closer Look at Cost Formulas The scoring methods Reward Average Cost and Reward Low Cost rely on cost formulas to track and calculate point values. Reward Low Cost, for example, uses this equation to determine how many points each individual submission should receive:
Lowest overall cost / Proposal's cost = X% of the possible points Expand the tabs to see Reward Low Cost in action.
Proposal A costs $100. How many points will it receive?
$100 (Lowest Proposal) / $100 (Proposal A) = 100% of 30 points
30 points awarded Proposal B costs $200. How many points will it receive?
$100 (Lowest Proposal) / $200 (Proposal B) = 50% of 30 points 15 points awarded Proposal C costs $500. How many points will it receive?
$100 (Lowest Proposal) / $500 (Proposal C) = 20% of 30 points 6 points awarded
File details come from the government source that posted it. Updated .