Cost_Formula-reward_average_cost_for_RFP.docx

This is a scoring methodology document related to a New Haven Public Schools (NHPS) on-call security systems maintenance and repair contract opportunity in Connecticut. The document explains the cost formula mechanics used in competitive scoring processes, specifically detailing how the "Reward Low Cost" scoring method calculates points for proposal evaluation. Rather than establishing specific project parameters, response dates, or contract terms for the NHPS opportunity itself, this file serves as an instructional guide on point calculation methodologies.

The "Reward Low Cost" formula divides the lowest proposal cost by each individual proposal's cost and multiplies the resulting percentage by the total available points to determine scoring. The document illustrates this through three examples where proposals costing $100, $200, and $500 receive 30, 15, and 6 points respectively out of a possible 30 points, demonstrating how cost competitiveness directly influences final scores. This methodology ensures that cost efficiency is quantitatively reflected in the evaluation process, with the lowest cost proposal receiving maximum points and competing proposals receiving proportionally fewer points based on their cost differential from the lowest submission.