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District of Columbia Code Division VIII. General Laws. § 47-351.06. Financial score.

Current as of January 01, 2024 | Updated by Findlaw Staff

The Mayor, or the CFO pursuant to § 47-351.02(c), shall calculate a financial score for each eligible financial institution. For each bid solicitation, the Mayor, or the CFO pursuant to § 47-351.02(c), shall decide how much weight and how many points to give each of the following elements to calculate the financial score:

(1) Investment and deposit bids based on the rate of return that a bidder offers;

(2) Financial services bids based on the cost of service;

(3) All bids based on an assessment of risk and financial condition;

(4) All bids based on the capacity of a bidder to perform and prior performance record; and

(5) Any other criteria required to evaluate a bid.

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Cite this article: FindLaw.com - District of Columbia Code Division VIII. General Laws. § 47-351.06. Financial score. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-viii-general-laws/dc-code-sect-47-351-06/

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