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A rm is bidding on a contract for a government building, which will be awarded using an augmented lowest bidder model. Most points will be
A rm is bidding on a contract for a government building, which will be awarded using an augmented lowest bidder model. Most points will be awarded based on the flrm's bid. but 3 extra points will be awarded if (1) the rm is minority, female. or veteran owned. or [2) the design will satisfy the platinum level LEED (Leadership in Energy and Environmental Design) criteria. The government estimate is $38M. The rm does not satisfy the ownership category. but it is deciding whether or not to develop its bid to meet the LEED standard. The rm's rough estimate (including prot) is $28M without meeting LEED. The estimated cost for meeting the LEED criteria is $875,000. The government evaluation function IS Score - (Gov't. Estimate I Bid) x 100 + {0 or 3} bonus points. Should the rm's bid be developed with or without a platinum LEED design
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