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matthew . we wish you the best and appreciate all you do how does your salary compare check out the 2016 compensation survey executive summary read more upcoming events oct 17 developing and managing requests for proposals columbus oh dates 17 19 oct 2016 oct 17 best practices in developing public construction bid documents bloomington mn dates 17 17 oct 2016 oct 19 strategic procurement planning tacoma wa dates 19 21 oct 2016 oct 19 sourcing in the public sector columbia sc dates 19 21 oct 2016 view more procurement dictionary terms another word total cost of ownership realizing procurement s full potential in value creation though widely used in private market procurement tco remains underutilized in government procurement where a large number of agencies still select suppliers based on price rather than looking at the full value a supplier can bring to help them achieve sustainable and long term cost savings . by examining this topic we hope to increase awareness and educate procurement professionals about tco drive change in some current government procurement practices find ways to help agencies introduce tco concepts into their procurement processes and move toward long term sustainable cost savings strategies rather than focusing on short term benefits and selecting suppliers with the lowest price . total cost of ownership new global best practice protests a protest is defined as a written objection by an interested party to a solicitation or an award of a contract with the intention of receiving a remedial result . procurement must ensure that a protest policy is established and documented for the entity . understanding the context and motivation for the filing of a protest may be as important as the specific protest issue . traditionally viewed as a negative force that diverts valuable entity resources protests may be viewed as a positive force that can bolster the practice of good public procurement . exercising the right to protest benefits the 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