Article
Unlocking the best value
Since the early 1800s, governments have often relied on the relatively simplistic lowest-bid process of publicly-advertised competition as the primary method to maximize value from its purchases. Today, the drawbacks of over-reliance on the low-bid method are well recognized, particularly potential shortcomings in quality, reliability and service. Alternative procurement methods have evolved to balance multiple issues of costs, service and risk.
Since the early 1800s, governments have often relied on the relatively simplistic lowest-bid process of publicly-advertised competition as the primary method to maximize value from its purchases. Today, the drawbacks of over-reliance on the low-bid method are well recognized, particularly potential shortcomings in quality, reliability and service. Alternative procurement methods have evolved to balance multiple issues of costs, service and risk. More governments now recognize that enabling the use of Best Value Procurement (BVP) methods...
