Cost_Formula-reward_average_cost_for_RFP.docx

This file is a scoring methodology document related to a City of New Haven, Connecticut contract opportunity for Phase III site investigation and preparation of a final Remedial Action Plan (RAP) for 0 Gibbs Street. The City seeks qualified Licensed Environmental Professionals to conduct the investigation work necessary to support remediation of the property, which will ultimately be converted to a public park. The specific details regarding response dates, due dates, site visits, bidders' meetings, and contract term are not included in this document.

The document explains cost formula scoring methods, specifically the "Reward Low Cost" approach, which calculates proposal points by dividing the lowest overall cost by each proposal's cost and applying the resulting percentage to available points. The contract is funded through a $250,000 grant from the Connecticut Department of Economic and Community Development (DECD), with a portion allocated to the scope of work described and the remainder dedicated to beginning the remediation phase. The scoring methodology detailed here establishes how cost competitiveness will be evaluated during the bid selection process, with lower-cost proposals receiving proportionally higher point allocations.