BEST VALUE PROCUREMENT: WHEN LOWEST PRICE ISN'T GOOD ENOUGH
Abstract:An innovative approach for securing equipment pricing for multiple, multi-phased construction packages was development and implemented in accordance with the County's purchasing guidelines for competitive bidding. Utilizing a Best Value procurement process allowed the County to secure an optimum balance of pricing and performance for critical equipment based on the long-term interests of the customer (rate payer), the operations staff, and the maintenance staff. Through the Best Value procurement equipment was selected based on a lowest lifecycle cost model, a competitive bidding environment was maintained during the procurement process, high quality and reliable equipment was secured, unit pricing from a single vendor across multiple construction packages was guaranteed, and the County could obtain standardized equipment for the Water Pollution Control Plant.
Document Type: Research Article
Publication date: 2005-01-01
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