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1'A~L~ <br /> EVALUATION OF PROPOSALS <br /> INDEPENDENT FINANCIAL AUDIT <br /> Proposals will be awarded a maximum of 200 technical points based upon evaluation of <br /> proposal content. A maximum of 75 additional points will be awarded based upon cost and <br /> <br /> added to the proposal's technical points average. <br /> <br /> Cost Points: The total cost for four years will be awarded the maximum number of points <br /> <br /> assigned to cost. The following formula will be used to assign the cost points for each <br /> <br /> proposal: Price of Lowest Cost Proposal X Maximum Points for Cost (75) = Points <br /> Price of Proposal Being Rated <br /> <br /> Scale: 0-10 (Unacceptable to Outstanding} Maximum Score = 200 <br /> Factor Value X Weight = Score <br /> 1 Previous experience in performing X 3 = <br /> comparable governmental auditing <br /> 2 Demonstrates qualifications to <br /> conduct audit in accordance with the X 3 = <br /> specifications <br /> 3 Allocates sufficient resources to the <br /> audit to meet the timetables set out <br /> in the specifications X 3 = <br /> 4 Demonstrates a clear understanding <br /> of & fully responds to specifications <br /> & instructions X 3 = <br /> 5 Methodology presented evidences <br /> that audit will be conducted in a <br /> systematic and sound manner X 2 = <br /> 6 Adheres to the scope & guidelines <br /> listed in the specifications X 2 = <br /> 7 Demonstrates a commitment to be <br /> accessible during audit & throughout X 2 = <br /> the fiscal year <br /> 8 Quality of writing of the proposal is <br /> indicative of the quality of reports X 2 <br /> Subtotal Score <br /> 9 Cost Points <br /> TOTAL SCORE <br /> -21- <br /> <br />