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 ⎞⎟ P ⎝ 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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Samples: Conditions of Contract, Conditions of Contract, Conditions of Contract
