The University will evaluate proposals as submitted and may not notify offerors of deficiencies in their responses.
Proposals must contain responses to each of the criteria, listed in Section 4 even if the offeror's response cannot satisfy those criteria. A proposal may be rejected if it is conditional or incomplete in the judgment of the University.
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 |
|---|---|
| Transmittal Letter | Mandatory |
| Vendor Certificate of Insurance for General Liability (GL) | Mandatory |
| Vendor Certificate of Insurance for Worker's Compensation | Mandatory |
| Institutional Experience | 200 |
| Financial Strength | 200 |
| Required Services | 900 |
| Transition Plan | 300 |
| Reporting | 200 |
| Value Added Services | 200 |
| Maximum Points Possible | 2000 |
Kentucky State University will evaluate the Vendor's Financial Proposal based on the cost portion of the Evaluation Criteria.
| Criteria | Maximum Points Possible |
|---|---|
| Deposit Services | 200 |
| Wire Transfer | 75 |
| Account Reconciliation | 175 |
| Online Account Management | 125 |
| Merchant Card Services | 100 |
| Line of Credit REMOVED | 0 |
| Managed Payables | 175 |