Financial score.
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: Investment and deposit bids based on the rate of return that a bidder offers; Financial services bids based on the cost of service; All bids based on an assessment of risk and financial condition; All bids based on the capacity of a bidder to perform and prior performance record; and Any other criteria required to evaluate a bid.
Annotations
Mar. 18, 1998, D.C. Law 12-56, § 2(c), 44 DCR 6933 See Historical and Statutory Notes following § 47-351.01. 1981 Ed., § 47-351.6. This section is referenced in § 47-351.05 and § 47-351.07.
Sourced from the DC Council Open Law Library (public domain).
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