Best Value Procurement definition

Best Value Procurement means a procurement that considers factors other than only price. “CAO” means the Chief Administrative Officer of the Comox Valley Regional District.

Best Value Procurement means a purchasing method used in awarding a contract based on evaluating and comparing all established quality criteria where cost is not the sole determining factor in the award.

Best Value Procurement means the selection of a Vendor based on a determination of which Offer

Examples of Best Value Procurement in a sentence

• Best Value Procurement - Purchasing methods used in awarding a contract based on evaluating and comparing all established quality criteria where cost is not the sole determining factor in the award.

• Design Build - In accordance with the West Virginia Code §5-22A-1, this Best Value Procurement tool is a concept within a single contract whereby the contractor is responsible to design and construct buildings or alterations to buildings.

• Expression of Interest - A Best Value Procurement tool used primarily in the selection of architects and engineers which permits the state to award a contract to the most qualified vendor on the basis of demonstrated competence and qualification for the type of professional services required at a fee determined to be fair and reasonable.

• Best Value– Making Choices, Volume One: A Manager's Guide to the Strategic Framework for Best Value, Procurement and Competitiveness published by the Scottish Government in 2001 noted that, as with any decision-making tool, options appraisal provides support to the process, it does not provide the answers.

• This is a Best Value Procurement where IPTC reserves the right to select the most advantageous offer by evaluating and comparing all factors as listed in evaluation criteria below.

More Definitions of Best Value Procurement

Best Value Procurement means a procurement that considers factors other than only price.

Best Value Procurement. As permitted by Texas Education Code 51.9335, other institutions of higher education may utilize this Contract as a best value method to procure the services provided herein, subject to COLLECTOR’S express written agreement, upon financial and other terms to be agreed upon by COLLECTOR and such other institutions, including any SYSTEM MEMBER.

Best Value Procurement means a procurement method used in awarding a contract based on evaluating and comparing all established quality criteria and cost is not the sole determining factor in the award. This includes RFPs, RFIs and EOIs.

Best Value Procurement means a method that emphasizes value over Price. It recognizes that the best value may not be the lowest cost. It may be an assessment of the return that can be achieved based on the total life cycle cost of the item; may include an analysis of the functionality of the item; may use cost-benefit analysis to define the best combinations of quality, Services, time, and cost considerations over the useful life of the acquired item.

Best Value Procurement means the optimal combination of total cost, performance, economic, environmental and social sustainability.

Best Value Procurement means the basis for awarding contracts for services to the offerer which optimizes quality, cost and efficiency, among responsive and responsible offerers. Such basis shall reflect, wherever possible, objective and quantifiable analysis. Such basis may also identify a quantitative factor for offerers that are small businesses or certified minority- or women-owned business enterprises as defined in subdivisions one, seven, fifteen and twenty of section three hundred ten of the executive law to be used in evaluation of offers for awarding of contracts for services. Best Value Procurement has been established by the County of Essex pursuant to Local Law No. 4 for 2014, and the requirements thereof are contained in said local law and in this Procurement Policy. Best Value Methodology shall not be used with respect to Public Works contracts.

Best Value Procurement means a method of selecting a vendor based on a determination of which vendor’s proposal offers the best trade-off between price and performance, in which quality is considered an integral performance factor. The selection may be based on evaluation factors including but not limited to: