6.14.6  Final Submission

A complete technical resubmission that includes all required clarifications must be submitted prior to submission of the financial (price) proposal. This technical resubmission must consolidate all previous submissions and include all clarifications and addenda. It must be reviewed for completeness and compliance as this submission populates schedules to the project agreement. The Technical Team will provide a report to the Project Manager.

The financial submission and proposal is reviewed by the Financial Team. The Financial Team evaluates the submissions for compliance with the submission requirements and calculates the net present value of the financial offers used to rank the compliant proponents.

The proponent that has passed the evaluation of technical resubmission and has presented the lowest net present value in its financial offer will be selected as the Preferred Proponent unless the selection criteria is not based on lowest bid, in which case the Preferred Proponent is selected based on the evaluation criteria as set out in the RFQ and RFP.

The Financial Team will assess the Preferred Proponent's financial offer against the Public Sector Comparator and will summarize its findings in a report to the Project Manager.

Technical Teams may cross-reference the final financial plan to check for consistency between capital costs/operation and maintenance costs and the proposed design-build-maintain and/or operate work.

The process of evaluation of the Final Submission (including the technical resubmission) is summarized in Figure 7.

Figure 7: Final Submission Evaluation