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  Best Practices: Contracting
Evaluate Total Cost

Traditional Best Practice
Primary focus on unit price

Ts&Cs receive qualitative assessment 

All cost elements quantified

Selection based on lowest total cost 

 

Rationale
  • Lowest unit price does not always mean least total cost 

Details
Total cost assessment of all purchases/ contracts over $100,000 

Best Practice | Case Study | Commentary



April 7, 2000
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