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 internal portal |
Step-by-step guide
To configure a cost-associated request:
Select Is Cost Associated? to
Follow the steps in How to release (publish) a request to the 360 public portal to release this request. Wait for the request to be closed and then:
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 apply a comparison algorithm to the tendered prices fairly. For example, accepting the baseline features only for comparison purposes or determining a total cost of ownership over 5 years for comparison purposes. |
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