Consulting Tender Total Cost of Ownership 
ivalua
MARCH 18, 2021
The Strategic Sourcing modules of Ivalua allow Punch Powertrain buyers to define Purchasing needs collaboratively, consolidate the tendering documents and ease costing by suppliers (cost breakdown files, dialogue with the projects on technical feasibility). Learn more at www.ivalua.com.
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.
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.
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