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Tendering is the acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place for the direct benefit or use of governments, corporations, or local authorities, generally via a contract.


KPIs in ‘Tendering’

Average time to complete tendering/bidding

The average amount of time (e.g. in days) between the start of a tendering/bidding procedure and the closure of the tendering/bidding process.

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This KPI is most used for:
Operational Excellence

Average cost of a tender/bid procedure

Average costs associated to a tender/bidding procedure.

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This KPI is most used for:
Cost Leadership

% of standard tender/bid procedures

Percentage of biddings following the standard tender/bid procedure.

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This KPI is most used for:
Operational Excellence

Difference between tender price and actual price

Tender ability to price/estimate correctly and pridict future shifts.

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This KPI is most used for:
Cost Leadership
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