Learn the four steps to a successful complex procurement process, to reduce risk and ensure your contract is awarded to the most economically advantageous tender.
There was a real buzz from visitors to our stand – we heard from MOD project teams who wanted to share the real difference AWARD® had made to their project outcomes, and from new faces who wanted to know more.
The change to the procedures available will give buyers more flexibility. In the past buyers had to select which procedure most closely matched their strategy, after which there was little flexibility.
When initially talking to our team, people often ask question why they need AWARD® when they already have a sourcing tool in place. In fact, most of our customers do already have a sourcing tool such as Jaggaer, SAP Ariba, Atamis, BIP Delta or Proactis, in use.
It is possible to provide an estimate so that the evaluators and their managers can plan the evaluation into their workload – in this article we discuss how to calculate this approximation.
If we use a weighted Cost criterion we will need a mechanism for converting the costs of each bid – which will be measured in pounds, dollars or some other currency – to scores so that they can be combined with the non-financial scores to arrive at an overall score.
The Masterclass Series introduces core aspects of complex procurement evaluation and the highest-risk elements of Procurement Design and Evaluation Conduct.
Read the final blog post in our Managing Risk series