DOCUMENT

ART - on Formulating Best Value Contracts for Government Entiti

  • ENTITY TYPE: Scholarly Publication
  • TYPE OF DOCUMENT: ART - Article, Paper, Review, Survey, Report
This document discusses the concept of best value in procurement and proposes a new approach to weighting bids. The author argues that current methods of bid weighting are flawed and can be exploited by bidders to inflate pricing. To address this issue, the author suggests using a Best Value Calculator, which automatically calculates the points to be allotted for each item to be scored and tabulates the point totals for each bidder. The bidder with the highest overall score is then awarded the contract. The author believes that this approach represents a paradigm shift in bid weighting and meets the evaluation criteria for the NIGP Innovations in Public Procurement Award. The document concludes by expressing hope that the State of Washington will submit this approach for consideration.
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