RFP Cost Evaluation Methods.doc

The document outlines different cost evaluation methods for Request 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 cost relationship to the lowest proposal. The Best Value Method considers all factors except cost, with the lowest cost per point representing the best value. The Two-Step Method rewards the lowest cost proposal meeting specific qualifications. Additionally, the document briefly mentions the Reward Average Cost Method, which requires CFO approval and involves awarding maximum points to the average cost proposal. Each method has its own criteria and process for evaluating proposals based on cost and other factors.