21 Feb The Dangers of Selecting the Lowest Tender
This article by Ian S. Graham will resonate with many of us who are involved in both tendering for work and reviewing tenders submitted. Whilst the procurement teams have a vital role to play in ensuring value for money is achieved, it is often what is absent in tender responses that causes concern. Rectifying this with the wrong resources (that were appointed months back) needs to be dealt with, for which the cost is just one element that affects all involved.
“As I hurtled through space, one thought kept crossing my mind – every part of this rocket was supplied by the lowest bidder.” John Glenn
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