Cost_Formula-reward_average_cost_for_RFP.docx

The document is a cost formula explanation file detailing scoring methods for evaluating proposal costs, specifically focusing on the "Reward Low Cost" pricing calculation approach. The document provides a mathematical formula for calculating points based on proposal costs: (Lowest overall cost / Proposal's cost = X% of possible points). The example demonstrates how different proposal costs result in varying point allocations, with the lowest cost proposal receiving the maximum points and higher-cost proposals receiving proportionally reduced points.

The related state and local contract opportunity is a Connecticut Health Department solicitation for a syringe litter clean-up and disposal service. The contract, valued at $25,000, requires a contractor to manage syringe clean-up in public restrooms, syringe disposal units, trees, and public spaces. The primary service requirements include responding within one business day to syringe litter complaints and conducting appropriate clean-up and disposal of syringes found in designated public locations. The cost formula document suggests that pricing will be a significant factor in vendor selection, with lower-cost proposals receiving more favorable scoring.