Maximum Points Possible 750
Cost Proposal
Kentucky State University will evaluate the Vendor's cost proposal based on the cost portion of the Evaluation Criteria.
The lowest cost firm will receive 250 points; other firms will be assigned points based on this cost formula. The Vendor with the lowest price receives the maximum score. The Vendor with the next lowest price receives points by dividing the lowest price by the next lowest price and multiplying that percentage by the available points. For example, 250 points is allocated to the lowest price criteria for this procurement. Vendor "A" bids $3.00 as the lowest Vendor and receives the maximum 250 points ($3.00 / $3.00 = 1.00 x45 = 45). Assume Vendor "B" is the next lowest Vendor at $4.00, then "B" receives 187.5 points ($3.00 / $4.00 = .75 x 250 = 187.5).
CriteriaMaximum Points Possible
Technical Proposal750
Cost Proposal250
Maximum Points Possible1000
Reciprocal Preference for Kentucky Resident Bidders and Preferences for a Qualified Bidder The scoring of cost is subject to reciprocal preference for Kentucky resident bidders and Preferences for a Qualified Bidder or the Department of Corrections, Division of Prison Industries (See KRS 45A.490(1), (2), 45A.492, 45A.494 and KAR 200 5:410).
Determining the residency of a bidder for purposes of applying a reciprocal preference
Any individual, partnership, association, corporation, or other business entity claiming bidder status shall submit the attached Required Affidavit for Bidders, Offerors and Contractors Claiming Resident Bidder Status as part of its response. Kentucky State University reserves the right to request documentation supporting a bidder's claim of resident bidder status. Failure to provide such documentation upon request shall result in disqualification of the bidder or contract termination.
Vendors not claiming resident bidder or qualified bidder status need not submit the corresponding affidavit.
SECTION 70 – NEGOTIATIONS
Kentucky State University reserves the right pursuant KRS 45A.085 and 200 KAR 5:307 to negotiate a contract with the top-ranked Vendor. In the event the University cannot reach agreement with the top-ranked Vendor, it may proceed to negotiate with the next highest ranked Vendor, and so on. Terms and conditions that may be negotiated at the sole discretion of the University include, but are not limited to, issues related to the Technical and/or Cost proposals.
Kentucky State University reserves the right at its discretion to request a Best and Final Offer (BAFO) for technical and/or cost proposals. Vendors are cautioned to propose their best possible