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Do you consider market related prices,or is it just ,the lowest price wins the bid
Market related prices.
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Francois Naudé
13 May 2016 8:35 AM
Supply Chain professionals should always perform a reality check on prices. They get trained to research the product or service before in order to have a view on realistic pricing. Then there is also a comparison between the prices provided by competitive bids and if one is significantly higher and lower it prompts them to investigate if those prices are realistic.
This is the theory though and one cannot confirm that it is applied in 100% of cases in public sector procurement.
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