A 3.5 Minute Video That Explains How Price-Based RFPs Waste So Much Time and Money
Updated: Mar 26
The low bid request for proposal process costs Canada about $5 Billion every year.
By hiring the most qualified professional services firm at a fair price, instead of just selecting any firm at the lowest price, organizations and governments in Canada can remove over $5 billion dollars of economic waste from the Canadian economy - waste that taxpayers and investors currently pay for.
And while reducing wasteful spending we can also improve the innovation and international competitiveness of our country. Watch the 3.5 minute video explaining how current low bid request for proposal procurement processes generate over $5 billion each year in economic waste.