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Question 2 Eight firms submitted proposals for the provision of financial audit to the Obrempong Company Limited for the year 2018/2019 financial year. All the bidding firms submitted both technical and financial proposals (two-envelop system) for the financial audits. Quality and Cost Based Selection (CBS) method is to be used for the evaluation of proposal with Technical (T) = 80 points and financial (F) =20 points. The pass mark for the quality evaluation is stated in the Request for Proposal document as 70%. Summary of evaluation results; Technical Technical Price Financial Total Score Pass mark Score (T) Seore(F) (T+F) Firm (100%) (80 Points) | 20 Points) SH financial services 89 90 Tomm and Associate 90 78 Universal Auditors 85 87 Prime Consult 69.4 Xamp consultants 69.9 XYZ Auditors 76 100 91 88 90.8.8 94 CK. Finance Service Consulting Services You are required to: (a) Complete the evaluation table and recommend the most responsible lowest tenderer for award of contract. (20 marks) (b) Explain to Management why the financial proposals for some firms were not considered in the final evaluation. (2 marks) (c)State the firm (s) to be considered for negotiation, giving reasons if Quality Base Selection is to be used. (2 marks) (d) State the firm (s) to be considered for negotiation, giving reasons if Least-Cost Selection is to be used. (2 marks)