Cost_Formula-reward_average_cost_for_RFP.docx
DOCX document 15 KB Posted
- Attached to
- Unitized Breakfast 26-27
- Solicitation number
- 2026-HYRFP-CNH-349
- Issued by
- New Haven County, Connecticut
About this file
This document is a cost formula guide related to a Request for Proposals issued by the City of New Haven and the Board of Education Food Service in Connecticut for unitized breakfast items to support the school system's meal program. The solicitation covers approximately 182 to 190 operating days within the program year. The document does not specify response deadlines, site visit requirements, bidders' conferences, or award dates.
The file explains the "Reward Low Cost" scoring methodology, which uses a cost formula to calculate proposal points based on comparative pricing. Under this approach, the lowest overall cost proposal receives the maximum available points, while all other proposals receive a proportional percentage of points determined by dividing the lowest cost by each proposal's cost. For example, if the lowest bid is $100 and another proposal costs $200, that proposal would receive 50 percent of the available points. This scoring method incentivizes cost efficiency while allowing evaluation of multiple proposals on a standardized financial basis. The document does not provide information regarding set-asides, incumbent contractors, funding sources, or other pricing terms beyond the cost calculation methodology.
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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
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