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RFP Cost Evaluation Methods.pdf

  • Library: Purchissues
  • Year Created: 2024
  • File Type: PDF
The document outlines different methods for evaluating costs in Requests for Proposals (RFPs). It describes four optional methods: Ratio Method, Best Value Method, Two-Step Method, and Reward Average Cost Method. The Ratio Method awards points based on the lowest cost proposal, with others receiving points relative to their cost. The Best Value Method calculates cost per point to determine the proposal offering the best value. The Two-Step Method rewards the lowest cost proposal meeting specific qualifications. The Reward Average Cost Method assigns points based on how proposals compare to the average cost. Each method aims to help in selecting the most cost-effective proposal while considering various evaluation criteria outlined in the RFP.
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