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Article

Cost of Ownership

Tender

Evolution of the Status Quo

The Procurement School

MAY 27, 2024

Collective agreements offer some predictability, but lump sum tendered bids often must guess the future and buffer to avoid loss. Large capital projects have multiyear cost models that must accurately estimate labour costs, allow for compounding, and be budgeted accordingly.

Public Procurement

Public Procurement Total Cost of Ownership Budget Collaboration

The Purpose of Procurement: How ESG is Changing our Roles

The Procurement School

FEBRUARY 16, 2023

There will always be a cost of goods to consider but it will be a much broader view with the total cost of ownership internalized as much as possible. Public sector procurement also followed the Smith theory, where the lowest cost from a tendering process must deliver the best value. Being WEIRD is not good or bad.

Procurement

Procurement Supply Chain Total Cost of Ownership Sustainability

Evolution of the Status Quo

The Purpose of Procurement: How ESG is Changing our Roles

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