Cost_Formula-reward_average_cost_for_RFP.docx

This is a cost formula document related to an Event Manager position for The Boathouse at Canal Dock, a procurement opportunity managed by the City of New Haven's Department of Arts, Culture and Tourism and Economic Development Administration in Connecticut. The City seeks an independent contractor or event management company to serve as Event Manager, responsible for event administration, coordination, and record-keeping under departmental guidance. The procurement process prioritizes professional competence and experience in the evaluation phase, with cost assessment deferred to a subsequent stage.

The cost formula document establishes a reward structure based on average cost methodology for the RFP evaluation process. Pricing terms and financial considerations are structured to assess contractor proposals in relation to average industry costs, allowing the City to evaluate cost competitiveness once qualifications have been established. This two-stage approach separates technical and experience-based qualifications from financial proposals, enabling the City to first identify the most qualified candidates before engaging in cost negotiations or comparisons.