Cost_Formula-reward_average_cost_for_RFP.docx

This document is a cost formula guide related to the Church St Bridge Rehabilitation project, a Statements of Qualifications (SOQ) solicitation issued by the City of New Haven, Connecticut for bridge-rehabilitation design and related construction-phase services. The document explains scoring methodologies used in evaluating proposals, specifically detailing how the "Reward Low Cost" formula calculates point allocations based on cost comparisons among submissions.

The cost formula methodology presented uses the equation: Lowest overall cost divided by the proposal's cost equals the percentage of possible points awarded. Under this scoring approach, the lowest-cost proposal receives the maximum points available, while higher-cost proposals receive proportionally fewer points based on their cost relative to the lowest bid. For example, a proposal costing $100 receives 30 points (100% of available points), a proposal at $200 receives 15 points (50% of available points), and a proposal at $500 receives 6 points (20% of available points). However, it is important to note that according to the related SOQ opportunity description, cost will not be an evaluation factor at the initial selection stage for the Church St Bridge Rehabilitation project, meaning this cost formula would not apply to the current solicitation but represents a general scoring methodology reference document.