Selection under a fixed budget (fbs) of consultant, HR Management

Selection under a Fixed Budget (FBS)

In the previous section, you learnt that QBS is used for complex sector and the quality of the project is of utmost importance. So the financial proposal is not considered initially in QBS.

In FBS method, the available budget is disclosed in the RFP to the invited consultants and the consultants who apply should be able to perform within the budget.

You  cannot  alter  the financial proposals.  Any proposal that  exceed  the indicated budget should be discarded and the consultant who has submitted the highest ranked proposal within the budget should be selected.

Where appropriate

You should adapt this method when:

  • The budget cannot be exceeded.
  • The objective and the TOR including the scope of work are very precisely defined.
  • The time and the staff effort required can be assessed.
  • Capacity building is limited to a simple nature where estimation is easy.

Negotiations

Because  the budget  is fixed,  the consultant's  TOR  cannot  be  changed substantially and technical negotiations cover only minor aspects.

Type of assignments for which this method of selection is adopted

FBS is likely to result in better quality proposals than under QCBS, because it is easier for consultants to maximise quality under a fixed budget than under simultaneous quality and cost competition.

FBS requires the TOR to be consistent with the established budget and to contain a well specified scope of work. .The main risk of using the FBS is discouraging good consultants from participating.

Posted Date: 9/28/2012 3:42:24 AM | Location : United States







Related Discussions:- Selection under a fixed budget (fbs) of consultant, Assignment Help, Ask Question on Selection under a fixed budget (fbs) of consultant, Get Answer, Expert's Help, Selection under a fixed budget (fbs) of consultant Discussions

Write discussion on Selection under a fixed budget (fbs) of consultant
Your posts are moderated
Related Questions
Explain Internal Communication Channels in an Organization? a) Oral communication - telephone, intercom, meeting/conference, presentation,  face to face discussion, messag

Question 1: (a) What, according to you, are the main aims of Human Resource Planning? (b) Distinguish between HRP and Manpower planning. (c) Why are HR practitioners at t

effective human resource management depends upon sound reward system

Explain the Inter Personal Relationship - Communication ? You know your neighbour is worried about losing his job because his company has announced retrenchments. You want to let

2. A leading software company in India requires filling up the Position of Chief of Training. Suggest suitable recruitment and selection method exclusively for this position only.

how do employers use labour market mapping to have a strong brand

the discrete selection process



should benching be a matter of concern at delta?..