DOCUMENT

POL - Comparison of Selection Methods (1) - Canada 2009

  • YEAR CREATED: 2009
  • ENTITY TYPE: Provincial
  • TYPE OF DOCUMENT: POL - Policies/Procedures
The document provides a comparison of different selection methods for choosing a bidder based on cost and technical score. It presents a scenario where there are four bidders with their respective costs and technical scores. The pass mark is set at 70 and the budget is $40,000. The document then goes on to calculate the winners and premiums for different selection methods. These methods include selecting the bidder with the lowest cost, highest technical score, highest technical score within the budget, lowest cost per point, and highest combined rating based on different weightings of technical score and cost. Formulas are provided to calculate the lowest cost per point and the combined rating based on different weightings. The document also explains how to calculate the premium payable on a "Value driven" selection method, both at the planning stage and at the selection stage. Finally, the document discusses the return on investment and questions whether the criteria and scores used in the selection process effectively balance technical merit and cost.
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