Source Selection - cost estimation software

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Evaluating Vendor Proposals for Source Selection with PRICE TruePlanning

TruePlanning enables government agencies to quickly evaluate and compare cost proposals, generate accurate should cost and will cost analysis, and reduces the time needed to develop an Independent Cost Estimate.

TruePlanning reduces the time needed to evaluate vendor proposals by 30% so that agencies can spend more time on analysis of alternatives and other processes used to deliver better value to the taxpayer.

View "Finding Ways to Win Webinar Series: Source Selection"

Source Selection

One of the biggest challenges in evaluating proposals is being able to compare non-consistent data.

TruePlanning can produce normalized cost density measurements such as Manufacturing Complexity. Manufacturing Complexity is an empirical representation of the technology used in a product. Using this measurement significantly broadens the number of projects that can be used for comparison when evaluating vendor proposals.

By holding the technology constant the only difference between suppliers becomes their organizational productivity.

Should Cost Analysis

TruePlanning users can produce estimates of individual components of a project or the entire system to reflect reasonably achievable contractor economy and efficiency.

With this estimate its becomes easy to identify uneconomical prices in a contractor's proposal.

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Evaluating Vendor Proposals for Source Selection with PRICE TruePlanning

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