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. Bidders add money to bids to avoid potential losses.

Public Procurement 52

Public Procurement Total Cost of Ownership Budget Collaboration 52

American City & Country

AUGUST 29, 2024

Moreover, as EV tech improves and becomes more widely adopted, the costs associated with electric vehicles are expected to decrease—reducing total cost of ownership (TCO) compared to a gas-powered fleet. This could help to proactively nip more costly environmental crisis mitigation needs in the bud.

Procurement Team 52

Procurement Team Total Cost of Ownership Sustainability TCO 52

The Procurement School

SEPTEMBER 15, 2023

” Another suggestion is to try and maximize the number of closed ended questions to facilitate automated scoring of bid submissions. The Commercial section details all pricing-related information and where bidders submit their pricing and should it include all applicable costs to calculate The Total Cost of Ownership (TCO).

Procurement 52

Procurement Bidder Procurement Strategies Evaluation 52