ART - PERFORMANCE MEASURES - STATE TERM COMMODITY CONTRACTS 2003

The document discusses the evaluation of financial benefits of state term commodity contracts. It explores different approaches to measuring the savings achieved through these contracts and suggests using General Services Administration (GSA) prices as a basis for calculating the savings. The document also considers the possibility of using cost per dollar purchasing as a primary performance measure instead of dollar or percent savings. It emphasizes the importance of conducting a comprehensive feasibility study before initiating a new term contract and suggests that cost per dollar purchasing is a valid measure of the efficiency of the state in pursuing savings. The document includes references to various sources on performance measurement and purchasing.