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According to Witt, governments must also consider the totalcost 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.
Consider the totalcost 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.”
The Commercial section details all pricing-related information and where bidders submit their pricing and should it include all applicable costs to calculate The TotalCost of Ownership (TCO). Once the draft procurement document is prepared it may be subject to specific legal review and final approval before posting.
Decision-making using Choosing by Advantages (CBA) and that incorporates TotalCost of Ownership (TCO) principals provides customer-centric solutions that pay dividends far beyond initial construction. PublicProcurement in Canada Certified procurement professionals play a pivotal role in the publicprocurement world.
There will always be a cost of goods to consider but it will be a much broader view with the totalcost of ownership internalized as much as possible. Procurement decisions were largely one-dimensional – with economic interests being the first choice.
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