Cost The total proposed cost for performing the audit must be itemized for each of the three (3) possible contract years, using the criteria below (See Attachment B). The Offeror propose, by designated category, an hourly composite rate and estimate of hours to complete each category, including all out-of-pocket, audit related expenses, such as travel, per diem and applicable overhead. The formula that will be utilized for the calculation of points for this item will be: The lowest cost proposal (from all proposals received) divided by the cost of the Offeror’s proposal submitted; the quotient derived from this calculation is then multiplied by 100 (maximum total points given) and produces the final point total. Lowest Proposal Cost ----------------------------- X 100 = Awarded Points Offeror’s Total Cost Letter of Transmittal Pass/Fail only. No points assigned. Campaign Contribution Disclosure Form Pass/Fail only. No points assigned. Employee Health Coverage Form Pass/Fail only. No points assigned. Pay Equity Reporting Pass/Fail only. No points assigned. Preferential Points Resident Business or Resident Veterans Preference: To ensure adequate consideration and application of 13-1-21 NMSA (as amended), Offerors must include a copy of their preference certificate in this section. In addition, for Resident Veterans Certification, the attached certification Form (APPENDIX H) must accompany any Offer and any business wishing to receive the preference must complete and sign the form. EVALUATION PROCESS
Cost The total proposed cost for performing the audit must be itemized for each of the three (3) possible contract years, using the criteria below (See Attachment B). The Offeror propose, by designated category, an hourly composite rate and estimate of hours to complete each category, including all out-of-pocket, audit related expenses, such as travel, per diem and applicable overhead. The formula that will be utilized for the calculation of points for this item will be: The lowest cost proposal (from all proposals received) divided by the cost of the Offeror’s proposal submitted; the quotient derived from this calculation is then multiplied by 100 (maximum total points given) and produces the final point total. Lowest Proposal Cost ----------------------------- X 100 = Awarded Points Offeror’s Total Cost Letter of Transmittal Pass/Fail only. No points assigned. Campaign Contribution Disclosure Form Pass/Fail only. No points assigned. Employee Health Coverage Form Pass/Fail only. No points assigned. Pay Equity Reporting Pass/Fail only. No points assigned. Preferential Points Resident Business or Resident Veterans Preference: To ensure adequate consideration and application of 13-1-21 NMSA (as amended), Offerors must include a copy of their preference certificate in this section. In addition, for Resident Veterans Certification, the attached certification Form (APPENDIX H) must accompany any Offer and any business wishing to receive the preference must complete and sign the form. EVALUATION PROCESS
RFP_14-667-00-0010_Audit_Services_RFP.docx