| Tip |
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360's VFM algorithm (see How does the VFM (value for money) algorithm work in 360?) combines the best and least risky solution with a price to determine the best offer. A cost-associated request allows the price to be a factor in determining the best offer. A lump sum price can be used to compare offers. To ask the providers to set a lump sum price, see - How to configure a request for fixed-price tenders and quotes in the 360 buyers portal |
Step-by-step guide
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- Sign-in to https://360users.apetsoftware.com.au/ as an Evaluator
- If using the new look:
- From the main menu, click Requests
- Click Closed / Awaiting Finalisation
- Click Evaluate
- If using the old look:
- Click Evaluation from the main-menu
- Click on the Request Name
- Click One Provider at a time
- Select Please select the desired provider by clicking on it's its name
- Click I Have No Conflict of Interest
- Enter your account Password and click Confirm
- Click on the Price from the menu at the top of the screen
- Click Edit Price
- Enter:
- Cost
- Audit Reason (if available)
- Click Update
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| Info |
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The provider's price can be overridden during the evaluation process when Evaluators can Set/Adjust Price' is selected in the System Settings → Evaluation tab. The benefit of not asking the providers to enter a price and allowing evaluators to do it , is that evaluators can be relied on to fairly apply a comparison algorithm to the tendered prices fairly. For example, accepting the base-line baseline features only for comparison purposes or determining a total cost of ownership over 5 years for comparison purposes. |
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- What are the key terms in 360? (definitions/lexicon)
- How does the VFM (value for money) algorithm work in 360?
- How to configure a request for fixed-price tenders and quotes in the 360 buyers portal
- How to configure the Price: Schedule of Rates option in a 360 request
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