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Aasutosh Purohit replied to the topic Things to look for in a contract while selecting a supplier in the forum Project Management Knowledge Areas 7 years ago
Choosing the right supplier involves much more than scanning a series of price lists. The choice will depend on a wide range of factors such as value for money, quality, reliability and services.
A key criterion in selecting the right supplier is value. Cost should not be the only factor. The total cost of ownership should also be considered, which looks at the supplier’s:
• Customer service
• Delivery commitments
• Reliability and responsiveness
• Resource savings (hard and soft)