287.0572 Present-value methodology.—
(1) The cost of bids, proposals, or replies for state contracts that include provisions for unequal payment streams or unequal time payment periods shall be evaluated using present-value methodology. Each agency, as defined in s. 287.012(1), shall perform the evaluation using the present-value discount rate supplied by the department. The present-value discount rate shall be the rate for United States Treasury notes and bonds published in the Interest Rates: Money and Capital Markets section of the most recent copy of the Federal Reserve Bulletin published at the time of issuance of the request for proposals, the invitation to negotiate, or the invitation to bid.
(2) The department may adopt rules to administer subsection (1).
History.—ss. 1, 2, ch. 85-122; s. 252, ch. 92-279; s. 55, ch. 92-326; s. 16, ch. 2002-207.
Section: Previous 287.032 287.042 287.055 287.056 287.057 287.0571 287.05712 287.0572 287.0575 287.058 287.05805 287.0582 287.0585 287.059 287.0591 NextLast modified: September 23, 2016