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We use decision matrix analysis when we moved to Best Value vs Low Cost procurement. Using the weighted evaluation helped determine which procurement met the
We use decision matrix analysis when we moved to Best Value vs Low Cost procurement. Using the weighted evaluation helped determine which procurement met the critical factors. For example, for some complex engineering projects, having the right expertise reduces the overall risk, but is likely not the lowest cost. When it comes to office supplies, we would put more weight on price than quality
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