A RFP was issued for further education training at Algonquin College. As a result, eight proposals were
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A RFP was issued for further education training at Algonquin College. As a result, eight proposals were received. The evaluation yielded the following results:
Firm | Rated Evaluation | Financial Bid |
A | 65 | $ 109,000 |
B | 90 | $ 153,000 |
C | 70 | $ 132,000 |
D | 75 | $ 125,000 |
E | 70 | $ 131,000 |
F | 80 | $ 129,000 |
G | 69 | $ 110,000 |
H | 60 | $ 100,000 |
The evaluated pass mark for this requirement was 70. Given that the method of evaluation is highest combined rating with the price at 25% and the rated evaluation at 75% of the total, what would be the evaluation results for each firm and which one would be awarded the contract?
Related Book For
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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