Check out this post by Tom Collins at morepartnerincome. Tom refers to an article by Bob Burns at Brouse McDowell in Akron, Ohio. Bob is a former inhouse attorney and has both selected and been selected, so he knows of what he speaks. The article says “I believe that a business should consider the ‘Five C's’: (1) competency; (2) capacity; (3) commitment; (4) communication; and (5) cost.”
You can see the entirety of Bob's article here. Thanks to Tom for sharing it.