Streamlined for speed

5 July 2007


This issue our experts were posed with the question, “Some suppliers have complained our tender processes are too long and are too expensive, putting them off participating. How do I cut the cost and time without reducing due diligence?”

Here are the highlights of what they told us:

* develop a simplified process for low value/low risk requirements e.g. Use of a Purchasing Card or simplified tender documents with standard terms and conditions

* get specifications right the first time, keep contractual documents and instructions to suppliers to the minimum

* a two-phase process for high value tenders will filter out unsuitable bidders early on

What do you think?

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