Award Methodology Sample Clauses

Award Methodology. The Contractor’s ability to meet the requirements of the specifications, lowest and best unit price; and best delivery schedule. TECHNICAL SPECIFICATIONS Pricing must be submitted through the Line Item area of the electronic bidding system. Definition The liquid oxygen covered by these specifications shall comply with the AWWA standard B304- 08 – Liquid Oxygen for Ozone Generation for Water, Wastewater, and Reclaimed Water Systems.
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Award Methodology. Planning Project Grant applications will be reviewed and scored based upon the following criteria:
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Award Methodology. The award will be determined by the Contractor’s ability to meet the requirements of the specifications, including lowest and best unit price. Mathematical Evaluation Formula: Bid amount divided by (1.0-((bidder’s quoted days to deliver – OCWUT’s specified days to delivery) X 0.03% [0.0003 decimal]) = adjusted bid amount for comparison with other equivalent bids received. EXAMPLE: Assume the bid price is $50,000, OCWUT’s specified delivery is 90 days and the 9 bidder’s quoted delivery schedule is 150 days. Calculation necessary to equally compare this bidder’s bid with other bids quoting delivery 0 within 90 days as OCWUT specifies is as follows: 3 4 $50,000 ÷ (1.0((150-90) x 0.0003)) = $50,000 ÷ (1.0-(60 x 0.0003)) = $50,000 ÷ (1.0-(0.018)) = $50,000 ÷ (.982) = 50,916.50 Adjusted Bid Amount for Award Consideration is $50,916.50 EXAMPLE FOR ILLUSTRATIVE PURPOSES “ONLY” Assume the bids are as followed: Factors Bidder #1 Bidder #2 Bidder #3 Bid Price $25,200.00 $25,000.00 $24,750.00 Delivery Schedule 90 days 120 days 150 days Calculation $25,200.00 $25,000.00÷0.991 $24,750.00÷.982 Adjusted Bid Amount: $25,200.00 $25,227.04 $25,203.67 Assuming vendors 31, #2, and #3 met all other requirements for bidders, the contract award would be recommended to bidder #1 based on the overall lowest adjusted bid amount for contract award consideration. LETTER OF AUTHORIZATION IF THE PERSON SIGNING THE CONTRACT IS NOT AN OFFICER OR OWNER OF THE C COMPANY, A LETTER SIGNED BY THE OWNER OR AN OFFICER OF THE CORPORATION IS NEEDED, WHICH AUTHORIZES THE PERSON WHO SIGNED THE CONTRACT TO DO SO. THIS DOCUMENT CAN BE UPLOADED ELECTRONICALLY AS AN ATTACHMENT TO ONE OF THE LINE ITEMS ON THE ELECTRONIC BID. 4 This letter authorizes to sign all forms related to the Oklahoma City 0 Water Utilities Trust’s invitation to bid for the Multi-Year agreement for the Utilities 3 Department, on behalf of (vendor name). Sincerely, Signature Print Date Title: (must be checked)  Owner  Treasurer  Chief Executive Officer [CEO]  Secretary  Chairman or Chairman of the BoardAssistant Secretary  President  Secretary-Treasurer  Vice-President
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Award Methodology 
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Related to Award Methodology

  • Calculation methodology No adjustment in the Conversion Price need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Price then in effect, provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in this Article VI, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account in any subsequent adjustment. All calculations under Article V and Section 6.06 hereof and this Section 6.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

  • Award Criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • Methodology 1. The price at which the Assuming Institution sells or disposes of Qualified Financial Contracts will be deemed to be the fair market value of such contracts, if such sale or disposition occurs at prevailing market rates within a predefined timetable as agreed upon by the Assuming Institution and the Receiver.

  • Payment Methodology The Contractor shall be compensated based on the Service Rates in Attachment for units of service authorized by the Institution in a total amount not to exceed the Contract Maximum Liability established in Section C.1. The Contractor’s compensation shall be contingent upon the satisfactory completion of units of service or project milestones identified in Attachment B. The Contractor shall submit invoices, in form and substance acceptable to the Institution with all of the necessary supporting documentation, prior to any payment. Such invoices shall be submitted for completed units of service or project milestones for the amount stipulated.

  • Performance Measures and Metrics This section outlines the performance measures and metrics upon which service under this SLA will be assessed. Shared Service Centers and Customers will negotiate the performance metric, frequency, customer and provider service responsibilities associated with each performance measure. Measurements of the Port of Seattle activities are critical to improving services and are the basis for cost recovery for services provided. The Port of Seattle and The Northwest Seaport Alliance have identified activities critical to meeting The NWSA’s business requirements and have agreed upon how these activities will be assessed.

  • Selection Criteria for Awarding Task Order The Government will award to the offeror whose proposal is deemed most advantageous to the Government based upon an integrated assessment using the evaluation criteria. The Government will evaluate proposals against established selection criteria specified in the task order RFP. Generally, the Government's award decision will be based on selection criteria which addresses past performance, technical acceptability, proposal risk and cost. Among other sources, evaluation of past performance may be based on past performance assessments provided by TO Program Managers on individual task orders performed throughout the life of the contract. The order of importance for the factors will be identified in the RFP for the specified task order.

  • Performance Metrics In the event Grantee fails to timely achieve the following performance metrics (the “Performance Metrics”), then in accordance with Section 8.4 below Grantee shall upon written demand by Triumph repay to Triumph all portions of Grant theretofore funded to and received by Grantee:

  • Cost for Service and Charge Methodology – POS to The NWSA Service Area and Department (Acct if appropriate) Service Item (from list above) Method of Charges1 Basis for Charge Hourly Rate, Fixed Percentage or Formula 2021 Budgeted Amount2 Commission Office Dept #1200 3.a Fixed Based upon agreed amount of $250,000 per year. $250,000

  • Performance Schedule The Parties will perform their respective responsibilities in accordance with the Performance Schedule. By executing this Agreement, Customer authorizes Motorola to proceed with contract performance.

  • Claims Review Methodology a. C laims Review Population. A description of the Population subject to the Quarterly Claims Review.‌

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