Best Value Analysis definition

Best Value Analysis. Submit the minimum specifications of the Authorized Purchaser’s need to the IT HVAR requesting a quote of the available options. Determine best value based on, but not limited to the following: o Price o Availability o Past performance o Compatibility The following are options for ordering methods, financing methods (buy vs. lease) and terms. Electronic (web, email, etc.) Purchase (credit card / invoice) Invoices paid within 10 days of receipt may deduct 0.1% from the invoice total (0.1%10 N30 terms) This Purchase Order, in addition to any exhibits or addenda attached, is placed against State of Oregon RFP DASPS‐2143‐15 and Price Agreement 5603. The terms and conditions contained in the Price Agreement apply to this purchase and take precedence over all other conflicting terms and conditions, express or implied. There are no understandings, agreements or representations, oral or written, not specified herein. Purchase orders issued in conformance with the provisions of this Price Agreement #5603, are exempt from further legal sufficiency review and approval pursuant to OAR 137‐045‐050(15). However, state agencies may request legal review or call DOJ with questions at any time. Special Note: Hardware/software licenses, and maintenance/support agreements have not had DOJ review and approval. By accepting the terms of a “license” for software, hardware or operating system software/firmware for hardware and their maintenance/support agreements, agencies are taking an unknown risk. A majority of licenses have terms and conditions that go against Oregon laws and Constitutional requirements. Regardless of the dollar amount DAS PS recommends that agencies conduct a review and risk analysis of all licenses and other agreements before executing a purchase order and to submit the licnese or agreement to DOJ for review and approval.  IT HVAR Site (▇▇▇▇.▇▇▇/▇▇▇▇▇▇)  IT Procurement websiteExhibit A  Vendor Feedback Form Restrictions for this Price Agreement are based on the Policies and authority to which Authorized Purchaser is subject.  Statutes to which each is subject  Rules to which each is subject  Policies to which each is subject  All Price Agreement instructions
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Best Value Analysis means an evaluation process that involves consideration and evaluation of various factors to determine the fairest and most reasonable pricing offered for the Models to be purchased, which pricing results in the best value for the Authorized Purchaser. “Best Value” is determined by reviewing and analyzing various factors related to the Authorized Purchaser and the pricing for the desired Models to reach a conclusion that the pricing is fair and reasonable. Models that are a Best Value are not necessarily the lowest priced Models.
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Examples of Best Value Analysis in a sentence

  • Agency should utilize a Best Value Analysis between all Oregon PA’s for Satellite phone providers to determine which Satellite phone to select.

  • If the estimated value of the Contract is $10,000 or less, Authorized Purchaser may issue a Contract to the Contractor of its choice without a Best Value Analysis Process.

  • Contractor(s) chosen through the selection process in accordance with the Best Value Analysis Process are Authorized Purchaser’s final decision.

  • If the estimated value of the Contract is over $10,000, Authorized Purchase must select a Contractor using the Best Value Analysis Process.