Remove Purchasing Remove TCO Remove Total Cost of Ownership
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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). Each organization has its own process.

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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. This collaborative effort ensures that the procurement landscape remains fair, competitive, and cost-effective.