Calculation of points for Price Sample Clauses

Calculation of points for Price. The PPPFA prescribes that the lowest acceptable bid will score 80 points for price. Bidders that quoted higher prices will score lower points for price on a pro-rata basis. The formula to be used for calculating points scored for price is the following: Ps = 80 ⎜⎛1 − Pt − Pmin ⎞⎟ Where min ⎠ Ps = Points scored for price of the bid or tender under consideration Pt = Price (Rand value) of bid or tender under consideration Pmin = Price (Rand value) of the lowest acceptable bid or tender Points scored must be rounded off to the nearest 2 decimal places Step 2: Calculation of points for B-BBEE status level of contributor Points shall be awarded to a bidder for attaining the B-BBEE status level of contribution in accordance with the table below: B-BBEE Status Level of Contributor Number of points (80/20 system) 1 20 4 12 8 2 Non-compliant contributor 0 A bid shall not be disqualified from the bidding process if the bidder does not submit a certificate substantiating the B-BBEE status level of contribution nor is a non-compliant contributor. Such a bidder will score zero (0) out of a maximum of 10 points for B-BBEE. The points scored for price shall be added to the points scored for B-BBEE status level of
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Calculation of points for Price. (PS) The points scored for Price will be calculated using the following formula: Maximum number of tender evaluation points Price Component 80 Preferential Component 20 Total evaluation points 100 Ps   Pt  P min  801    P min  Where PS = points scored for price by tender under consideration Pmin = price of lowest acceptable tender Pt = price of tender under consideration Fractions will be rounded off to two places after the decimal comma. Preferential Component (Max =20 points) NEP The points scored for this component will be calculated using the following table: B-BBEE Status Level of Contributor Number of Points (80/20 system) 1 20 2 18 3 16 4 12 5 8 6 6 7 4 8 2 Non-compliant contributor 0 Calculation of Total Points scored Total Score = Ps + NEP Tenders will be awarded on a Rates Only basis. A basket of quantities has been predetermined and assigned to the items in the Xxxx of Quantities to determine an individual tender sum for evaluation purposes. Once the evaluation is complete and the preferred bidders have been identified, the award will be for rates only. The tender sum calculated from the basket of quantities will be used for evaluation purposes only. The awarded rates will be the rates at which the work will be carried out at the duration of the appointment subject to a negotiation if necessary, as well as Contract price adjustment as per the Contract Data. The maximum value of Work Assignments which can be awarded to any one service provider in terms of this agreement shall be based on the rates tendered and the value of the works required to be monitored under the Contractors Framework Agreements and/or Plant Hire Contracts as well as any additional services required by the Department. This phase of evaluation applied to service providers awarded into the framework after the issuing and submission of requests for quotations. It will be used for awarding points to determine the most favourable service provider per respective district.
Sample 1
Calculation of points for Price. The PPPFA prescribes that the lowest acceptable bid will score 80 points for price. Bidders that quoted higher prices will score lower points for price on a pro-rata basis. The formula to be used for calculating points scored for price is the following: ⎜ Ps = 8 ⎛ 1 −Pt − Pmin ⎞⎟ Pmin ⎠ Where Ps = Points scored for price of the bid or tender under consideration Pt = Price (Rand value) of bid or tender under consideration Pmin = Price (Rand value) of the lowest acceptable bid or tender Points scored must be rounded off to the nearest 2 decimal places Step 2: Calculation of points for B-BBEE status level of contributor Points shall be awarded to a bidder for attaining the B-BBEE status level of contribution in accordance with the table below B-BBEE Status Level of Contributor Number of points (80/20 system) Non-compliant contributor 0 A bid shall not be disqualified from the bidding process if the bidder does not submit a certificate substantiating the B-BBEE status level of contribution nor is a non-compliant contributor. Such a bidder will score zero (0) out of a maximum of 10 points for B-BBEE. The points scored for price shall be added to the points scored for B-BBEE status level of contribution to obtain the bidder’s total points scored out of 100. (a) A contract must be awarded to the bidder who scored the highest total number of points in terms of the 80/20 preference point system. (b) In exceptional circumstances a contract may, on reasonable and justifiable grounds, be awarded to a bidder that did not score the highest number of points. The reasons for such a decision must be approved and recorded for audit purposes and must be defendable in a court of law. (a) In the event that two or more bids have scored equal total points, the successful bid must be the one that scored the highest points for B-BBEE. (b) If two or more bids have equal points, including equal preference points for B- BBEE, the successful bid must be the one scoring the highest score for functionality. (c) In the event that two or more bids are equal in all respects, the award must be decided by the drawing of lots.
Sample 1

Related to Calculation of points for Price

  • Market Adjustment The parties to this Agreement recognize the appropriateness of market pay adjustments in rare instances for compelling reasons. To effectuate judgments in such cases, the President and AAUP Chapter President, in consultation, shall each name three (3) individuals to a university Market Evaluation Committee. Deans may submit recommendations for market pay adjustments with supporting written reasons to the Committee. Said Committee shall consult with the President concerning proposed market pay adjustments reporting its advice not later than May 15 in each year. Upon the favorable recommendation of the President and the BOR President, market pay adjustments may be approved effective at the beginning of that pay period including September 1 of the following year. Not more than one (1) market pay adjustment per one hundred (100) full-time members, or fraction thereof, may be recommended in any contract year. A member’s salary may not be increased beyond the maximum for the rank. Funding for this program shall be governed by Article 12.10.2.