Kentucky State University will evaluate the Vendor's proposal based on the technical portion of the Evaluation Criteria. Each Vendor is responsible for submitting all relevant, factual and correct information with their proposal to enable the evaluator(s) to afford each Vendor the maximum score based on the available data submitted as part of the proposal.
| Criteria | Maximum Points Possible |
|---|---|
| Part 1 – Firm Information | 50 |
| Part 2 – Personnel and Firm Qualifications | 100 |
| Part 3 – Relevant Experience | 100 |
| Part 4 - Investment Strategy and Recommended Asset Allocation | 300 |
| Part 5 – Reporting Capabilities | 100 |
| Part 6 - Insurance | 50 |
| Part 7 – Other Services | 50 |
| Maximum Points Possible | 750 |
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).
| Criteria | Maximum Points Possible |
|---|---|
| Technical Proposal | 750 |
| Cost Proposal | 250 |
| Maximum Points Possible | 1000 |