(a)

1. (1) The price proposal should represent the fixed maximum price (FMP) to the Arkansas Department of Transportation, as defined by the criteria specified in the RFP.
2. (2) The FMP includes design, construction, management, insurance, bonding, warranties, and maintenance agreements, all as specified in the RFP.
3. (3) Short-list proposers will be required to perform design and other project tasks to support the development of the price proposal.
4. (4) Depending on the project, this effort could be considerable.

(b)

1. (1) The price proposal submitted by each short-list proposer should be set aside in a secure environment until all the technical proposals have been evaluated and technical scores determined for each short-list proposer.
2. (2) Each price proposal will then be opened and the FMP provided therein will be used to combine with the technical scores to determine the adjusted price as described in the next step.