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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). Author: Graham Allen Graham Allen is recently retired from SupplyChain Ontario.
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. Supplychain issues” has become an accepted catch-all term to explain a range of circumstances.
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Cost of Ownership 
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