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No question, government procurement is different from acquisitions outside the public sector, Cunningham believes. When local governments purchase technology, it’s crucial they understand the unique constraints and responsibilities they face. Consider the totalcost of ownership, not just upfront costs.
One of the most important factors for local governments to consider before purchasing any new technology is how quickly and effectively it can be integrated into an organization’s existing tech stack without disrupting day-to-day operations. According to Witt, governments must also consider the totalcost of ownership of the new system.
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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