RidgeFence.com
Title
Welcome to Ridgeway Best Value Fencing and Ridgefence
Description
'Best Value' has been defined as "the optimum balance of quality and functionality over whole-life costs". It is a shift away from the idea of purchasing guided only by cheapest intitial cost, often forced on customers by adoption of compulsory competitive tendering policies.
Compulsory competitive tendering may well be an extremely efficient method of securing the lowest possible initial price. However it is not necessarily an efficient means of ensuring true value over the longer term. In other words, CCT procurement is often a very inefficient spending strategy in the long term. Once a tender is accepted there may be expensive overruns, or the low price may reflect low quality and short life materials and workmanship.
When it comes to defining ‘Best Value’, there is one thing on which everyone agrees: it certainly doesn’t mean the cheapest. Best Value is increasingly equated with the concept of ‘whole-life costing’ where the cost-in-use of a product or service is used to evaluate its real cost over the long-term. Only by taking account of all aspects of cost, including running and disposal costs, as well as the initial purchase price, can true value for money be achieved.
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