(1) If the quality and cost method is applied to select a proposal, the evaluation committee shall select the successful proponent by evaluating the technical and financial proposals as follows:
(a) The obtained net marks of the technical proposal of the proponent to be evaluated shall be the quotient to be found out by dividing by one hundred the product obtained from multiplying the score of the technical proposal by the weightage marks allocated for the technical proposal.
(b) The obtained net marks of the financial proposal shall be the quotient marks to be found out by dividing by the quoted price of the proponent to be evaluated the product obtained from multiplying the lowest quoted price out of the proposals successful from the evaluation of the technical proposals by the weightage marks assigned for the financial proposal.
(c) A proponent who obtains the highest marks in making joint evaluation after adding the net score of the technical and financial proposals shall be considered to be successful and he or she shall be selected.
Example: (2) If the quality method is applied to select the proposal, the evaluation committee shall select only the proponent who has obtained the highest marks in the technical proposal pursuant to clause (b) of sub-section (1) of Section 35 of the Act.
(3) If the fixed budget method is applied to select the proposal, the evaluation committee shall cancel the proposal with cost exceeding the ceiling of such budget pursuant to clause (c) of sub- section (1) of Section 35 of the Act and select the proposal of the
proponent who has scored the highest marks in the technical proposal subject to such ceiling.
(4) If the least cost method is applied to select the proposal, the evaluation committee shall select the proposal with the lowest cost out of the proponents who have scored minimum marks specified for being successful in the technical proposal pursuant to clause (d) of sub-section (1) of Section 35 of the Act.
(5) If it is required to negotiate with the proponent selected pursuant to this Rule, the pubic entity shall, not later than seven days of the selection of the proposal, give a notice containing the date, time and place to such a proponent for holding negotiations.
(6) In inviting the proponent for negotiation pursuant to sub- rule (5), the time-limit of seven days shall be given in the case of a national proposal and that of fifteen days shall be given in the case of an international proposal.
(7) The proponent who makes contract pursuant to Section 38 of the Act shall submit professional liability insurance covering the total price of the contract and payable unconditionally to the public entity, not later than three days of the signature of the contract.
(8) If the proponent who makes contract pursuant to this Regulation fails to submit the professional liability insurance within the time-limit referred to in sub-rule (7), the public entity shall terminate such a procurement contract and make recommendation to the concerned body for blacklisting such a proponent.