Least cost selection (lcs) of consultant, HR Management

Assignment Help:

Least Cost Selection (LCS)

In the previous section you learnt that FBS is used when the budget is fixed hence the consultant who has submitted the highest ranked proposal within the budget is selected.

Under LCS a minimum qualifying mark for quality is fixed and indicated in the RFP. Shortlisted consultants are requested to submit their proposals (technical and financial) in two separate envelopes. Consultant who has scored the required technical score with the lowest price is selected. LCS is not a substitute for QCBS because quality is to be ensured in LCS.

Where appropriate

You should adapt this method only for small assignments of a standard or routine nature wherein the intellectual component is minor.

Type of assignments for which method of selection is adopted

You should use LCS when the assignment involves:

  • Simple audits
  • Engineering designs or supervision of simple projects.
  • Repetitive operations, maintenance work and routine inspections.

Related Discussions:- Least cost selection (lcs) of consultant

Recruitment, Searching from the internet or your workplace, identify and cr...

Searching from the internet or your workplace, identify and criticize the selection criteria, the use of froms/checklists, etc.

Job characteristics model, Job Characteristics Model Hackman and O...

Job Characteristics Model Hackman and Oldman's model discovers the five job characteristics and their relationships to personal and work outcomes.  By using the model,

Compensation, I need a report about ( choose any company and how compensat...

I need a report about ( choose any company and how compensation system contributes to motivate and retain the employees ) around 12 pages with references and table of contents

Discuss the factors which influence organisations, Question 1: Discuss ...

Question 1: Discuss the factors which influence organisations' recruitment and selection policies. Which methods do you consider to be of particular significance in Mauritius a

The Collapse of Barings Bank, How was loss aversion apparent in Nick Leeson...

How was loss aversion apparent in Nick Leeson’s conduct? Explain. 2. Judith Rawnsley, who worked for Barings Bank and later wrote a book about the Leeson case, proffered three exp

Describe three types of unemployment, QUESTION 1 (a) Describe three fea...

QUESTION 1 (a) Describe three features which show the importance of stakeholder management (b) Identify and critically discuss four factors that have contributed to a climat

Hard HR approach, To which extent can HARD HR approach be taken by an organ...

To which extent can HARD HR approach be taken by an organization

What is job specification, Q. What is Job specification? Another produc...

Q. What is Job specification? Another product of the job analysis is the job specification, term popularized by the U.S. training and employment service used to it to refer to

Perfomance, Difference between Productivity and performance

Difference between Productivity and performance

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd