Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A RFP was issued for further education training at Algonquin College. As a result, eight proposals were received. The evaluation yielded the following results: Firm
A RFP was issued for further education training at Algonquin College. As a result, eight proposals were received. The evaluation yielded the following results:
Firm | Rated Evaluation | Financial Bid |
A | 65 | $ 109,000 |
B | 90 | $ 153,000 |
C | 70 | $ 132,000 |
D | 75 | $ 125,000 |
E | 70 | $ 131,000 |
F | 80 | $ 129,000 |
G | 69 | $ 110,000 |
H | 60 | $ 100,000 |
The evaluated pass mark for this requirement was 70. Given that the method of evaluation is highest combined rating with the price at 25% and the rated evaluation at 75% of the total, what would be the evaluation results for each firm and which one would be awarded the contract?
Step by Step Solution
★★★★★
3.29 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
Firm A G and H has not got at least 70 rated evaluation Hence these firms wil...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started