What scoring method awards full points to the lowest price and assigns proportional points to others?

The scoring method that awards full points to the lowest price and assigns proportional points to other prices is known as the price score method. In this approach, the contract with the lowest bid gets the maximum score, while other bids receive scores that are calculated based on how their prices compare to the lowest bid. This system encourages competitive pricing, as contractors aim to provide a cost-effective proposal while still meeting project specifications.

By using a price score, decision-makers can quantitatively evaluate bids based on price, simplifying the decision-making process. This method allows for a clear delineation of the cost aspect of proposals, helping to ensure that the project can be delivered within budget constraints.

In contrast, other methods like technical score focus on assessing the proposed technical solutions rather than pricing, while weighted average could incorporate both price and technical criteria without necessarily favoring the lowest price specifically. Competitive score might assess how bids compare to one another but does not specifically outline a method for assigning full points to the lowest price. Thus, the price score method is distinct and effectively addresses price competition.