Evaluating Vendor Proposals: COMPLETE A PROCESS EVALUATION

OrangutanApplesWhen it comes to evaluating vendor proposals for a capital project, just comparing the price tag could be as unequal as comparing apples to orangutans.  For example, two processing lines may contain the same throughput, the same equipment, and even look the same; this does not necessarily mean that they are the same.  Capital projects should be compared based on the return on investment (ROI) that you gain from the implementation of the project.