Cost_Formula-reward_average_cost_for_RFP.docx

This document is a cost formula guide applicable to the City of New Haven, Connecticut's request for proposals for a floor scrubbing machine suitable for Mondo athletic flooring and track. The file explains two scoring methodologies—Reward Average Cost and Reward Low Cost—that may be employed to evaluate cost proposals submitted by bidders. The document does not specify project timelines, response dates, due dates, site visits, bidder meetings, award dates, or contract terms related to the floor scrubbing machine procurement.

The Reward Low Cost formula calculates point awards by dividing the lowest overall proposal cost by each individual proposal's cost, with the resulting percentage applied to the total available cost points. For example, if the lowest proposal costs $100 and the maximum cost points available are 30, a proposal costing $100 receives 30 points, a proposal costing $200 receives 15 points, and a proposal costing $500 receives 6 points. This methodology incentivizes competitive pricing by awarding proportionally higher scores to lower-cost submissions. The document does not address pricing terms, set asides, incumbent contractors, funding sources, or other specific procurement details for the floor scrubbing machine acquisition.