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Cost Savings-Avoidance Guidelines.doc

  • Library: Purchissues
  • Year Created: 2018
  • File Type: DOC
The document outlines guidelines for Cost Savings and Cost Avoidance in procurement processes. Cost Savings include savings from competitive processes, rebidding of contracts, and choosing competitive bids over agency contracts. Cost Avoidance involves cooperative purchasing agreements and audit recoveries. Other areas of potential savings include outsourcing services, value analysis, challenging specifications, and product substitutions. Each type of cost-saving or cost-avoidance method is defined along with specific calculations to determine the amount saved or avoided.
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