Remove Contract Management Remove Price Remove Total Cost of Ownership
article thumbnail

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.

article thumbnail

Navy’s journey to new procurement system remains in peril

Federal News Network

30, 2026, according to a 2020 memo from Kim Herring, the then-acting principal director of the Office of Defense Contract and Pricing. The Navy’s goal is to modernize and consolidate more than 245 DON legacy contract writing systems (CWS) and other ancillary procurement systems.

article thumbnail

Evolution of the Status Quo

The Procurement School

Even more so now, seasoned professionals in the construction industry have seen budgets disrupted considerably by fluctuations in pricing and lead times that have shredded carefully drafted cost estimates and project schedules. This risk absorption is directly reflected in bid prices.