Common use of Bid Evaluations Clause in Contracts

Bid Evaluations. Bidder's hourly rates will be assigned points. The value of the points will be determined by the number of bids received, with the lowest bidder receiving highest point value and how the hourly rate compares to each corresponding hourly rate submitted by other bidders. If, for example, four bids are received, the maximum number of points given to each hourly rate category will be four points to the lowest bidder. The next lowest hourly rate in that category will be assigned three points, and so on, down to the highest hourly rate which will be assigned one point. Hourly rates answered by "no charge" (N/C) or Zero dollars ($0.00) will be assigned the highest number of points. Hourly rates answered by "not available" (N/A) or No Response (left blank) will be given no points. It is to your advantage to fill in every line item.

Appears in 3 contracts

Sources: Electrical Construction Contract, Contractor Agreement, Mechanical Construction Contract