RFP 24-04 COST PROPOSAL Name of Vendor March 28, 2024, at 2:00 pm

All proposals must be received no later than the closing date and time listed on the cover page of this RFP. All submitted Proposals shall remain valid for a minimum of six (6) months after the proposal due date.

50.4 Evaluation of Proposals

Right to Reject/Waiver of Minor Irregularities

Kentucky State University reserves the right at its discretion to reject any and all offers. The University also reserves the right at its discretion to waive informalities and minor irregularities in offers received.

Clarification of Proposals

Kentucky State University reserves the right at its discretion to request additional information as may reasonably be required for selection and to reject any proposals for failure to provide additional information on a timely basis.

Evaluation Process

The following approach and criteria will be used to evaluate proposals:

Technical Proposal – 750 points

Part 1 – Company History – 50 points maximum

  1. When was the company or firm established and/or incorporated?
  2. Number of years in business;
  3. Any changes in ownership within the past ten (10) years – or any forthcoming changes;
  4. List the company or firm's main office address and other sites, with address/phone information;
  5. A complete client list for the previous three (3) years; and
  6. Other items relevant to previous experience which vendor wishes to provide as additional information.
  7. Part 2 – Capacity and Qualifications – 100 points maximum
  8. Size of firm, number of employees and profile as to diversity;
  9. Description of key personnel who will be assigned to this project, their current positions within the firm, and identification of firm lead to be assigned to this project;
  10. Include resumes and credentials of all key personnel to be involved, demonstrating their proficiency and expertise in the relevant areas;
  11. Pursuant to KRS 164A.570, the Offeror must employ staff assigned to perform this engagement who are Certified Public Accountants (CPAs);
  12. The Offeror should describe the supervision of firm resources assigned to a KSU account
  13. Proposed plan if key personnel leave the KSU account or firm; and
  14. Proposed plan if key personnel leave the KSU account or firm; and
  15. Evidence of business stability. The Offeror should provide the latest financial statements, preferably audited, or other evidence of financial status sufficient to demonstrate both its financial strength and stability.
  16. Part 3 – Disclosures – 100 points maximum
  17. List any past and current involvement in legal proceedings in the last five (5) years; and