Specifications include, but are not limited to: The Commonwealth of Kentucky Model Procurement Code (KRS 45A.080) requires that a contract be awarded to the lowest responsive and responsible bidder whose bid offers the best value. KRS 45A.070(6) defines "Responsible bidder or offeror "as" a person who has the capability in all respects to perform fully the contract requirements and the integrity and reliability which will assure good faith performance," and “Best value” as “a Procurement in which the decision is based on the primary objective of meeting the specific business requirements and best interests of the Commonwealth.” The information requested in this document is to be used to evaluate the "responsibility" by verifying the apparent low bidder: (a) Has adequate financial resources (in working capital and bonding capacity) in relation to the scope and dollar amount of the project or the ability to secure such resources; (b) Has the experience, organization, technical qualification, available personnel resources, and has or can acquire the equipment necessary to perform the scope of work bid; (c) Is able to comply with the required performance schedule or completion date, taking into account existing commitments (i.e. capacity); and
