CBIC provides details on bid scoring

Friday, July 19, 2019

WASHINGTON – The CBIC has released a “Round 2021 Financial Scoring Methodology Fact Sheet” to provide more detailed information about CMS’s scoring process to evaluate a bidder’s financial health. CMS uses the required financial documents to calculate standard accounting ratios for each bidder. These ratios, along with the credit report and numerical credit score or rating, are used to evaluate a bidder’s financial health. CMS uses a methodology detailed in the fact sheet to compute a financial score for each bidder, with a maximum score of 100 points: 80 points from the ratios and 20 points from the numerical credit score or rating. The financial standards that CMS uses to evaluate bidders were determined based on feedback from members of the Program Advisory and Oversight Committee, prior to going through notice and comment rulemaking in 2006. The bid window for Round 2021 opened July 16.