Answered step by step
Verified Expert Solution
Question
1 Approved Answer
construction management question 11. Five contractors bid the project whose estimated cost is $50,000,000. The owner will select the contractor based on the Best Value
construction management question
11. Five contractors bid the project whose estimated cost is $50,000,000. The owner will select the contractor based on the Best Value procurement method. Calculate the lowest bidder based on their technical score and financial proposal. Find out the contractor that will win the contract based on the three best value methods, namely adjusted bid, adjusted score, and weighted score. For the weighted score, 70% weight is given to technical proposal and 30% to financial proposal. (70 Points) No. Name of the contractors Technical Financial osoft ochis o Score proposal 1 Chargers Company to s92 lb $52,000,000 2 Patriots Company 90 $48,600,000 3 Giants Company 67 $48,000,000 HO 4 Colts Company 67 8500 155 $48,500,000 5 Broncos Company 65 $50,000,000 Use the following format to solve the problem 1910 For Adjusted Bid Technical Score (Max S. No Name of the contractors Technical Score Financial proposal Adjusted Bid (AB) 1 Point) For Adjusted Score Jadi Toob S. No Name of the contractors Technical Score Financial proposal Adjusted Score (AS) For Total Weighted Score on notaio il loro u svimo to wobst WS Caduated Weighted S.No Name of the contractor Technical Score Financial proposal Actual Weighted Price Score Weighted Technical Score (wm Total Score (TS Price Score motobooth Step by Step Solution
There are 3 Steps involved in it
Step: 1
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