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
Checking of references: many organizations ask the candidates to provide the name of referees from whom information about the candidates can be solicited. Such information may be r

Q. Case discussion methods? Case discussion methods: under this method a real or hypothetical business problem or situation demanding solution is presented to the group and mem

Effective human resources management depends upon sound reward system". Comment

Q. Industrial revolution of human resource management? The industrial revolution: during this period machines were brought in; technology made rapid progress; jobs were more fr

Q. Show Rewards and incentive? Rewards and incentive: an incentive or rewards can be anything that attracts a worker's attention and stimulates hi to work in the words of Burac

How many HR secretaries are required per engineer?

Q. What is the Selection process? Selection process: selection is usually a serious of hurdles or steps. The basic idea is not solicit maximum possible information about the ca

Q. Explain Induction period? Induction period: a good induction should cover the following: 1. The company, its history and products process of production and major operatio

Question 1: Safety and Security are key words and practices that are of paramount importance in the tourism and hospitality industry. A strict adherence to promoting a safe and

How Google’s “Made With Code” has become an integral part of its career planning?