Definitions.

As used in this article, the following terms shall have the meanings indicated:

BEST VALUE

The basis for awarding contracts for services to the offerer which optimizes quality, cost and efficiency, among responsive and responsible offerers. Such basis shall reflect, wherever possible, objective and quantifiable analysis. Such basis may also identify a quantitative factor for offerers that are small businesses or certified minority- or women-owned business enterprises as defined in Subdivisions 1, 3, 15, and 20 of § 310 of the Executive Law to be used in evaluation of offers for awarding of contracts for services.