Good Governance in Government Procurement: The Total Cost of Ownership Methodology as a proposal to improve the determination and application of bid evaluation factors
DOI:
https://doi.org/10.18800/iusetveritas.202101.003Keywords:
Public procurement, Value for money, Life-cycle costing, Quality as award criterion, Award criteria, Total Cost of Ownership, Good governance, Good administration, Principle of effectivenessAbstract
The rules governing the public procurement cycle grant wide discretion to contracting authorities to determine the award criteria, with price being the sole mandatory award criterion among others of optional character. The application of principles of good governance may contribute to steer the authorities´ discretion by applying instruments and methodologies, such as the so-called Total Cost of Ownership, which allow technically justify the selection of the award criteria with the aim to guarantee an adequate balance between quality and price.
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Published
2021-07-14
How to Cite
Castro Barriga, C. D. A., & Villavicencio Benites, L. F. (2021). Good Governance in Government Procurement: The Total Cost of Ownership Methodology as a proposal to improve the determination and application of bid evaluation factors. IUS ET VERITAS, (62), 60–81. https://doi.org/10.18800/iusetveritas.202101.003
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