12 Miss. Code. R. 6-3.106.13.4

Current through December 10, 2024
Section 12-6-3.106.13.4 - Determination of Lowest and Best Bidder

Following determination of product acceptability as set forth in Subsection 3.106.13.3, Product Acceptability, if any is required, bids will be evaluated to determine which bidder offers the lowest cost to the State in accordance with the evaluation criteria set forth in Subsection 3.106.03, Invitation for Bids. Only objectively measurable criteria which are set forth in Subsection 3.106.13.4, Determination of Lowest and Best Bidder, shall be applied in determining the lowest and best bidder. Examples of such criteria include, but are not limited to, guaranteed buy back and ownership or life-cycle cost formulas. Evaluation factors need not be precise predictors of actual future costs, but to the extent possible such evaluation factors shall:

(1) Be reasonable estimates based upon information the State has available concerning future use; and
(2) Treat all bids equitably.

12 Miss. Code. R. 6-3.106.13.4

Adopted 1/1/2018