In simpler terms, lowest price gets a perfect score. A proposal that is 20% more expensive than the lowest priced offering gets 20% fewer points. When the above formula would result in a negative cost score (i.e. the lifecycle cost of the proposal being scored is more than twice that of the lowest valid proposal), the cost score is set to zero, rather than deducting points from the Vendor's score. Cost categories and maximum point values are as follows: Possible Points Cost Category Lifecycle Cost 51 Maximum Possible Points 51 Stage 4 Selection of the successful Vendor – PROPOSAL SUBMISSION Please use the attached Cost Information Form, Attachment A to provide cost information. Follow the instructions on the form. Incomplete forms will not be processed. In addition to providing Cost Information Form, Attachment A and Proposal Exception Summary Form, Attachment C (if applicable), Vendors must submit a proposal in response to this LOC as explained in Item 1. Vendors who do not provide this detail may be eliminated from further consideration. If Vendor is claiming status as a Minority Business Enterprise or Woman Business Enterprise, the Vendor must include a copy of their Minority Vendor Self-Certification Form with their LOC response. A copy of the Minority Vendor Self-Certification Form can be obtained at: Please direct any questions about minority certification in Mississippi to the Minority Business Enterprise Division of the Mississippi Development Authority by telephone at (601) 359-3448 or via email at . Vendor must provide a copy of their Certificate of Liability Insurance with their LOC response. Vendor must provide documentation of their E-Verify compliance with their LOC response. DELIVERY INSTRUCTIONS
In simpler terms, lowest price gets a perfect score. A proposal that is 20% more expensive than the lowest priced offering gets 20% fewer points. When the above formula would result in a negative cost score (i.e. the lifecycle cost of the proposal being scored is more than twice that of the lowest valid proposal), the cost score is set to zero, rather than deducting points from the Vendor's score. Cost categories and maximum point values are as follows: Cost Category Possible Points Lifecycle Cost 51 Maximum Possible Points 51 Stage 4 – Selection of the successful Vendor PROPOSAL SUBMISSION Please use the attached Cost Information Form, Attachment A to provide cost information. Follow the instructions on the form. Incomplete forms will not be processed. In addition to providing Cost Information Form, Attachment A and Proposal Exception Summary Form, Attachment C (if applicable), Vendors must submit a proposal in response to this LOC as explained in Item 1. Vendors who do not provide this detail may be eliminated from further consideration. If Vendor is claiming status as a Minority Business Enterprise or Woman Business Enterprise, the Vendor must include a copy of their Minority Vendor Self-Certification Form with their LOC response. A copy of the Minority Vendor Self-Certification Form can be obtained at: Please direct any questions about minority certification in Mississippi to the Minority Business Enterprise Division of the Mississippi Development Authority by telephone at (601) 359-3448 or via email at . Vendor must provide a copy of their Certificate of Liability Insurance with their LOC response. Vendor must provide documentation of their E-Verify compliance with their LOC response. DELIVERY INSTRUCTIONS
44012%20LOC.DOCX