Which procurement method involves selecting a contractor based on qualifications rather than the lowest bid?

The procurement method that focuses on selecting a contractor based on their qualifications rather than simply the lowest bid is indeed qualifications-based selection (QBS). This approach emphasizes the skills, experience, and demonstrated competence of contractors, allowing the project owner to choose a contractor who is best suited to meet the project's specific needs and requirements.

In QBS, contractors submit qualifications statements showcasing their relevant experience, skills, and past project successes, and they may also provide information about their team members and approach to project management. This method seeks to ensure that the contractor has not only the capability to perform the necessary work but also a solid understanding of the project's objectives and challenges.

This contrasts with competitive bidding, where the primary criterion is the bid amount, potentially overlooking the quality or appropriateness of the contractor's qualifications. Negotiated contracts involve a different dynamic, often focusing on discussions and agreements with a specific contractor after selection rather than evaluating multiple bids based on qualifications. Fixed-price procurement involves a predetermined contract price, which is not directly related to how the contractor's capabilities are assessed.

Overall, QBS prioritizes the quality and capability of the contractor, ensuring that the project benefits from the most qualified team, ultimately leading to better outcomes.