Least cost selection (lcs) of consultant, HR Management

Assignment Help:

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.

Related Discussions:- Least cost selection (lcs) of consultant

Human resources development, How would you describe learning? With the aid ...

How would you describe learning? With the aid of the texts from a published author, analyse at least three learning theories. What are learning styles? Differentiate between th

HRIS, What approaches to justifying the investment might Silvia consider

What approaches to justifying the investment might Silvia consider

ASSIGNMENT IN HRM, identify how history has contributed to the current stat...

identify how history has contributed to the current state of Human Resource Management

Caselet, confident of succeeding

confident of succeeding

Define the elements in the communication process, Define the Elements in th...

Define the Elements in the Communication Process? To communicate effectively, we need to understand how communication works. Communication involves nine elements : a) 2 m

Illustrate termination process, Q. Illustrate Termination process? Term...

Q. Illustrate Termination process? Termination: the employee's service can be terminated in the following forms: a. Discharge simplifier: termination of the service of an em

Explain strategic human resource management, 1. Explain (with reference to ...

1. Explain (with reference to Air National) the importance of strategic human resource management and the need for adopting both a medium- and long-term perspective in re

Hrd, features of hrd

features of hrd

What is workplace deviance, Question : "Everyday in every organisation,...

Question : "Everyday in every organisation, harmful acts occur. Not surprisingly, the costs associated with dysfunctional workplace behaviour are staggering. It is apparent tha

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd