Goods and services procured and awarded on the basis of the
best value are those that the Board of Trustees determines optimize
quality, cost and efficiency, among responsive and responsible bidders
or offerors. Such basis shall reflect, wherever possible, objective
and quantifiable analysis. The criteria may include, but shall not
be limited to, any or all of the following: cost of maintenance, proximity
to the end user if distance or response time is a significant term,
durability, availability of replacement parts or maintenance contractors,
longer product life, product performance criteria, and quality of
craftsmanship.
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