2008/08/27 Council Agenda Packet

10 IV. PROPOSAL EVALUATION PROCESS SELECTION CRITERIA Cost—40 points The lowest cost proposal will receive forty(40) points. All other proposals will receive a proportionate amount of forty points based on the ratio of each proposal to the lowest proposal. (C P = x40 \Cnl Where P =points awarded out of a maximum possible forty (40) Cr, =Cost of a Proposal (other than the lowest cost proposal) C1 = Cost of the Lowest Proposal For example, if the lowest cost proposal is $300,000, and another proposal costs $400,000, the lowest cost proposal of$300,000 would be awarded 40 points and the other proposal costing $400,000 would be awarded 30 points. 30 = /$300,000x40 $400,000 Experience—10 points Vendors must demonstrate an ability, knowledge, and background in successfully providing banking services to customers whose banking needs are similar to the City's. Experience in municipal banking services is preferred. Proposers will receive two (2) points for every year of municipal banking experience up to a maximum of ten(10) points. Branch in Central Business District (CBD) —20 points Proposers will receive twenty (20)points for operating a full-service branch in Everett's CBD. The CBD is defined as Pacific to Everett Avenue and Hoyt to Lombard in downtown Everett. Customer Service Staff—20 points Proposals will receive points for experienced customer service staff assigned or dedicated to the City's accounts as follows: An experienced (minimum of 5 years in public sector banking) dedicated account manager will receive eight(8)points and each back-up personnel, who will be familiar with the account and can fulfill the account manager function as needed, will receive four(4) points. A maximum of twenty points will be awarded in this category. 52 2008-093—RFP, Banking Services 14 of 28