FDIC OMWI Education Module Understanding the Government Solicitation Bid

Fdic omwi education module understanding the

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Understanding the Government Solicitation Bid Package Section K. Representations/Certifications and Statements of Offerors This section includes the elements that you must certify to bid on this contract, such as: you have acted according to procurement integrity regulations; your taxpayer identification; the status of personnel; ownership of your firm; type of business organization; authorized negotiators; that your facilities are not segregated; that you comply with affirmative action guidelines; and whether you qualify as a small business, disadvantaged business, and/or women owned business, etc. The representations and certifications set out in federal government solicitations must be completed by an official authorized to bind the contractor, and must be returned with the proposal. They are legally binding. Section L. Proposal Preparation Instructions and Other This section provides instructions for preparing your proposal including: how to format the documents; how to organize/outline material; how to submit questions regarding the RFP or procurement; how the proposal is to be delivered; and sometimes notices, conditions, or other instructions. Section M. Evaluation Criteria This section outlines how the agency will assess and evaluate the proposals it receives. This process usually includes: Reviewing and assessing the “mission capability” of each written proposal against the stated evaluation sub-factors set forth in the solicitation. Mission capability ratings typically focus on strengths and weaknesses of the proposal and the extent to which proposed technical and management solutions fulfill the functional requirements. Assigning points to the mission capability according to the stated technical factors. Reviewing and assessing the proposal according to responsiveness and compliance with submission requirements. Best Value Evaluation Process The government also uses a Best Value Evaluation Process for some solicitation processes. Best value is, at some level, a subjective judgment, and it is not necessarily represented by the lowest price offered. Some facts about a Best Value Evaluation Process: The importance of price increases if several proposals are equally matched on other factors. When competing proposals are judged equal on other factors considered in the best value analysis, total price and other price factors become more significant. Price proposals are typically evaluated with respect to completeness, reasonableness, and realism. The Contracting Officer may also evaluate the Overall Evaluated Price (OEP) for each offeror. The Overall Evaluated Price (OEP) will typically be computed based on the total of the following: The proposed labor rates for each labor category multiplied by the number of labor hours.
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