| 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 price to determine the best offer. A cost-associated request allows price to be a factor in determining the best offer. A lump sum price can be used to compare offers. |
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- Sign-in to https://360users.apetsoftware.com.au/ as a Boss or Request Manager
- From the main menu, click Requests
- If using the new look:
- Click Drafts
- Click Configure against the desired request
- Click Old Look's Request Info
- If using the old look:
- Select the request from the list
- Click Edit
Select Is Cost Associated? to
- If available, specify an option for Ask Providers for Price? as either:
- Yes - 'The Price' tab will be displayed to providers
- No - Evaluators will set the price
- 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. For example, accepting the base-line features only for comparison purposes or determining a total cost of ownership over 5 years for comparison purposes. |
Related articles
- What are the key terms in 360? (definitions/lexicon)
- How does the VFM (value for money) algorithm work in 360?
- How to configure the Price: Schedule of Rates option in a 360 request
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