N.J. Admin. Code § 19:38B-3.5

Current through Register Vol. 56, No. 17, September 3, 2024

Section 19:38B-3.5 - Determination of Project Rating

(a) A firm's Project Rating for a particular trade shall be determined in accordance with the following formula:

A [times] (100% + B + C + D)

where:

A = the firm's largest completed project in a specific trade listed in the Project Rating Proposal;

B = the sum of the Reference Adjustment calculated pursuant to this chapter;

C = the Safety Adjustment calculated pursuant to this chapter; and

D = the Prevailing Wage Adjustment calculated pursuant to this chapter.

(b) The Project Rating assigned for procurements under this chapter shall not include consideration of the firm's prior Authority Project Evaluations, or calculation of a Performance Evaluation Multiplier.

(c) A firm's Project Rating for a trade cannot exceed the firm's Aggregate Rating and cannot exceed 170 percent of the firm's largest listed completed project.

N.J. Admin. Code § 19:38B-3.5