Mich. Admin. Code R. 247.42
Current through Vol. 24-24, January 15, 2025
Rule 42. The overall financial rating is expressed as a number truncated to the number of thousands for purposes of identifying a numerical rating in any given work classification. For example, an overall financial rating of $1,000,000.00 is converted to 1,000, a financial rating of $1,105,000.00 is converted to 1,105, and a financial rating of $10,000.00 is converted to 10. Bidders may be given a full numerical rating, which is equal to the bidder's overall financial rating, or a partial numerical rating, contingent upon the results of an evaluation of the bidder being made by the department under these rules.
Mich. Admin. Code R. 247.42