Learn how your organisation can improve its lifecycle costing plan at Procurex England South. The Delta eSourcing team will be attending the event on 15 March 2018 at London Olympia.
On the day, our team of procurement experts will be on hand to discuss how your organisation can create a more efficient lifecycle costing plan, which will help your public sector organisation improve the value it receives from suppliers.
Find out more about lifecycle costing below.
What is lifecycle costing?
Contracting authorities base the award of public contracts on which bidder provides the most economically advantageous tender. Cost-effectiveness will be considered before a contract has been awarded and this is where lifecycle costing is important. The importance of lifecycle costing was recognised in the Public Procurement Regulations 2015, where Regulation 68 lays out rules in this area.
As Regulation 68 stipulates, lifecycle costing, when relevant, should cover at least part or all of the following costs over the lifecycle of a product, service or works. This includes costs borne by the contracting authority or other users, such as:
- Costs relating to acquisition
- Costs of use such as consumption of energy and other resources
- Maintenance costs
- End of life costs (e.g. collection and recycling costs)
Another factor to be considered is the costs imputed to environmental externalities that are linked to the product, service or works during its lifecycle.
How can Delta help?
Delta’s Contract Change Control module gives users access to value tracking of all their contracts which feature in the organisation’s Contract Register.
This feature makes it easier for buyers to comply with PCR 2015 Lifecycle costing requirements as the tool gives Delta users full control over the cost and time implications for their contracts.
Delta users can link the Contract Change Control module with their personalised Contract Register. This means that users can create and manage any amendments or variations to contracts more efficiently.
The tool records any changes to the contract, focusing particularly on cost, but also on any changes to completion dates for the contract. This allows for the management of the whole life cost/timescale of the project.
Find us at Procurex England South
Interested in improving your lifecycle costing plan?
Visit our stand at Procurex England South. Tickets are FREE for public sector delegates. Network and engage with over 1000 peers and colleagues from local government and public sector backgrounds in the South of England.
Don’t miss our slot in the Professional Procurement Skills Training Zone between 11.50 – 12.10! We will be discussing how to improve your efficiency when managing quotes and framework mini competitions.
Book now to secure your space.
If you would like to find out more about Delta eSourcing, you can request a free demo today.
