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negotiation and selection process. Only the members of the Selection Committee and other Procuring Agency officials, employees and agents having a legitimate interest will be provided access to the proposals and evaluation results during this period. 6.2 Selection Committee A Selection Committee will be established by the Procuring Agency, with one individual from the Courthouse Square Citizens Advisory Committee, the two Project Coordinators of each Procuring Agency, and one individual selected jointly by Transit and the County. The Committee will make all decisions regarding the evaluations, determination of responsible Proposers and the competitive range, negotiations, and the selection of the Proposer, if any, that may be recommended to the transit and County policy Boards for award of the contract. 6.3 Proposal Scoring Process The following describes the process by which proposals will be evaluated for a potential award. Section 6.3(a) specifies the requirements for determining responsible Proposers, all of which must be met by a Proposer to be found qualified. Final determination of a Proposer's qualification will be made based upon all information received during the evaluation process and as a condition for award. Sections 6.3(b) and (c) contain all of the evaluation criteria, and their relative weights, by which a proposal from a qualified Proposer will be considered for selection. An award, if made, will be to a responsible Proposer for a proposal that is found to be in the Procuring Agency's best interest, price and other evaluation criteria considered. The procedures to be followed for these evaluations are provided in "Evaluation Procedures" (Section 6.4) below. (a) Qualification Requirements The following are the requirements for qualifying responsible Proposers. All of these requirements must be met; therefore, they are not listed by any particular order of importance. The Proposer of any proposal that the Selection Committee finds not to meet these requirements, and cannot be made to meet these requirements, may be determined by the Selection Committee not to be responsible and its proposal rejected. The requirements are as follows: i. Sufficient financial strength and resources and capability to finance the work to be performed and complete the Contract in a satisfactory manner as measured by: I. Proposer's financial statements prepared in accordance with United States Generally Accepted Accounting Principles (GAAP) and audited by an independent certified public accountant autharized to practice in the jurisdiction of either the Procuring Agency or the Proposer II. Identification of source, and verification of amount, of funds to provide necessary equity III. Ability to secure required bond(s) as evidenced by a letter of commitment from an underwriter confirming that the Proposer can be bonded for the required amount or demonstration of ability to secure commitments for conshuction and permanent financing