Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
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:
what is the role of human resource management on ethics in the workplace,trustworthyness, and values in the workplace?
Question 1: (a) An organization intends adopting e-learning to support its staff training and development strategy. Discuss the key criteria that need to be considered
Comparison b/w time rate system and piece rate system: 1. In time wages, time is the basis of payment whereas in the piece wage quantity of the work is the basis of payment.
How would you explain Organizational Change and Development?
what is the importance of succession planning?
Question 1: Any organisation is made up of groups of people. An essential part of management is coordinating the activities of groups of people and directing the efforts of th
QUESTION If a label on a product states "Made in Thailand" and a similar product has a label "Made in Germany" then why do consumers consider the latter to be better than the f
The social and motivational forces that exist between team members create a bond, or cohesion, among them (Beal et al. 2003, p. 989). Motivating/confidence building involves encour
what is the difference between exclusion clause and exemption clause?
Code of discipline in the industry: To maintain discipline in the industry (both in public and private sectors): there has to be (1) a just recognition by employers and workers
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd