Sometimes an approach to market does not require a lump-sum price and a schedule of rates is more appropriate. For example:
|
Step-by-step guide
To create a schedule of rates:
If Ask Providers for Price? is not available or is set to Yes - 'The Price' tab will be displayed to providers:
The rates supplied by the providers are standardised by 360 to represent a net present value which is then used to rank providers by price. The schedule of rates requires every provider to submit an honest price for each and every item. If they submit $0 for an item that they do not provide, the net present value cannot be fairly calculated. To work around this limitation, the Edit Price feature can be used during evaluation to adjust a provider's price to put a nominal rate against each item. |
|