RFP Cost Evaluation Methods.doc

The document outlines different cost evaluation methods for Requests for Proposals (RFPs. The three methods discussed are the Ratio Method, Best Value Method, and Two-Step Method. The Ratio Method involves assigning points based on the cost relationship to the lowest proposal. The Best Value Method considers all factors except cost, with the proposal offering the lowest cost per point deemed the best value. The Two-Step Method involves evaluating technical proposals first to determine qualified proposals based on specific criteria. The Reward Average Cost Method, requiring CAO approval, assigns maximum points to the average cost proposal, with others receiving points based on set ranges. Each method aims to ensure fair evaluation and selection of proposals based on various criteria.