Least cost selection (lcs) of consultant, HR Management

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.
Posted Date: 9/28/2012 3:42:57 AM | Location : United States







Related Discussions:- Least cost selection (lcs) of consultant, Assignment Help, Ask Question on Least cost selection (lcs) of consultant, Get Answer, Expert's Help, Least cost selection (lcs) of consultant Discussions

Write discussion on Least cost selection (lcs) of consultant
Your posts are moderated
Related Questions
Q. What is the role of Legal consultant? Legal consultant: personal manager is a role of grievance handling, setting of disputes, handling of disciplinary cases, doing collecti

Employee retention has been at the fore front of Human resource strategies in recent times. Worldwide, organizations seeking competitive advantage by leveraging human capital had t

Discuss that technological breakthrough has brought a radical changes in HRM

HR demand forecast Demand forecasting is the process of estimating the future quantity and quality of the people required. The basis of the forecast must be the annual budget a

Role of the Human resource management: Most of the big organizations create a separate Human resource management (HRD) of the executives so that productivity in organizations

Importance of training and develoment

WHAT IS THE POINT OF VIEW OF HUMAN RESOURSE MANAGEMENT?

Question: In today?s economy with its focus on knowledge and services, it is now widely accepted that the key that opens the door to business success is talent. "People are our

Question 1: (i) Elaborate on the dissimilarities between human resource management and personnel management. (ii) Take any organisation of your choice, discuss the suitab

Ques. Given the debate on the move towards individualism and away from collectivism since the 1980's, how would you account for the increasing interest in teamwork? Ans .Teaml