Remove Cost of Ownership Remove Public Procurement Remove Total Cost of Ownership
article thumbnail

Everyone, including top leaders, need to be on-board when agencies install new technology

American City & Country

According to Witt, governments must also consider the total cost of ownership of the new system. It also includes the supplemental cost of implementation, training, ongoing support and system maintenance.” This is more than just the flat price of the new technology. Contact him at michael.keating@informa.com.

article thumbnail

Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Consider the total cost of ownership, not just upfront costs. Cooperative contracts simplify and expedite the procurement process by including pre-negotiated terms and conditions that comply with government regulations, thereby reducing administrative overhead and the risk of non-compliance.”

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

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). Once the draft procurement document is prepared it may be subject to specific legal review and final approval before posting.

article thumbnail

Evolution of the Status Quo

The Procurement School

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. Public Procurement in Canada Certified procurement professionals play a pivotal role in the public procurement world.

article thumbnail

The Purpose of Procurement: How ESG is Changing our Roles

The Procurement School

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. Procurement decisions were largely one-dimensional – with economic interests being the first choice.