Bidder Contract Management Total Cost of Ownership 
The Procurement School
SEPTEMBER 15, 2023
Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contract management including KPIs. A mandatory is a mandatory and if a bidder fails it generally cannot proceed further.
The Procurement School
MAY 27, 2024
Decision-making using Choosing by Advantages (CBA) and that incorporates Total Cost of Ownership (TCO) principals provides customer-centric solutions that pay dividends far beyond initial construction. Bidders add money to bids to avoid potential losses. This risk absorption is directly reflected in bid prices.
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