Remove Bidding Remove Contract Management Remove Cost of Ownership
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Evolution of the Status Quo

The Procurement School

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. Bidders add money to bids to avoid potential losses.

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Navy’s journey to new procurement system remains in peril

Federal News Network

The Department of the Navy’s third attempt to modernize its contract writing system and overall electronic procurement system is on shaky ground. The Navy’s goal is to modernize and consolidate more than 245 DON legacy contract writing systems (CWS) and other ancillary procurement systems.

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Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Areas to consider include objectives, background, scope, constraints, deliverables, timing, approvals, policy and legislative requirements, evaluation criteria and methodology and contract management including KPIs. It is important that key subject matter experts (SMEs) are involved with the planning of the project.