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Best
Practices: Contracting Evaluate
Total Cost
| Traditional |
Best Practice |
| Primary focus on unit price
Ts&Cs receive qualitative assessment
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All cost elements quantified
Selection based on lowest total cost
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| Rationale |
- Lowest unit price does not always mean least total cost
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| Details |
Total cost assessment of all purchases/ contracts over $100,000
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Best Practice | Case
Study | Commentary
April 7, 2000
Copyright © 2000 TransSource Corporation
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