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Solicitation Template - CDB Home

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2.2.4 PRICE: We will identify the lowest priced Offer that meets Administrative, Responsibility and Responsiveness requirements. We will rankOffers in order of Price when appropriate.2.3 AWARD: We will award to the Responsible Vendor whose Offer passes Administrative review, is Responsive, and who submits the bestvalue as shown by the combination of Responsiveness and Price.We will determine how well Offers meet the Responsiveness requirements. We will rank Offers, without consideration of Price, from best to leastqualified using a point ranking system (unless otherwise specified) as an aid in conducting the evaluation. Vendors who receive fewer than theminimum required points will not be considered for Price evaluation and award.If we do not consider the Price to be fair and reasonable and we cannot negotiate to an acceptable Price, we reserve the right to cancel the award andtake appropriate action to meet our needs. We will determine whether the price is fair and reasonable by considering the Offer, including theVendor's qualifications, the Vendor's reputation, all prices submitted, other known prices, the project budget and other relevant factors.The point evaluation system is described below.Revision 8-01-2011Page 5

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