Transferring Best Practices in Government Procurement to the Private Sector

Transferring Best Practices in Government Procurement to the Private Sector


October 2014

CRE must always be in position to hire vendors that will meet their service needs at a fair price. The selection based on "best value" will be critical, where making a mistake on a "lowest cost" provider could be detrimental. The US Federal Government has spent decades refining how it purchases services, recognizing that a "best value" may not be lowest cost. The government is also subject to intense procurement scrutiny and must be able to demonstrate an objective and quantitative evaluation. The private sector can benefit from proven government procurement methods that result in clarity and consistency in selection, alignment with procurement manager goals and, most importantly, securing the best service provider at a competitive price. Speakers: Lois Bennett; Mark Gorman, MCR, SLCR; Reed Stvan

Keywords: Washington D.C. Summit 2014, Selection, Criteria, Program, Application, Approach

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