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
Determine The tools and products in the KM market Information managers try to lower the cost of tasks that require discourse/ document analysis, if possible by using automated

Explain Some Do's and Don'ts for Resume Writing? Do not send in a resume with errors. Do print the résumé on good quality, light-coloured paper. Do not clai

#In the present-day Indian context most of the selection processes are virtually a kind of elimination process only. Do you agree or not? Give reasons. ..

Guidelines principals of the grievance procedure: the guiding principles under the model procedure: Conformity with existing legislation: a procedure should form part of an i

Question 1: The right to join and to participate in the activities of a trade union is a right conferred upon every employee who has chosen to be a member of a trade union. In

Q. Basic role of Welfare officer? Welfare officer: personal manager is expected to be the Welfare officer of the company. As a Welfare officer he is provides and maintains (on

Achievement test: these tests are conducted when applicants claim to know something, as these tests are connected with what one has accomplished. These tests are more useful to me

With all the benefits that groups provide, it is not surprising that Lawler and colleagues (Lawler et al. 1995; Lawler III et al. 1998) found an increased prevalence of this organi

assume that xyz company is a newly established producing plc.As you well know keeping harmonious industrial relation is one of HRM functions if you are HR expert in this company wh

What steps would you take to prepare yourself for a career as human resources director or vice president for human resources in a U.S. healthcare facility? What professional creden