Description
Measures operation efficiency by comparing annual procurement costs as a proportion of the three-year annual average of the total value of contracts entered into by the organization.
Calculation / formula: [(Annual Cost of Procurement Services)/(3-Year Annual Avg. of the Total Value of Contracts Entered Into)] * 100
Cost of Procurement Services is defined as the total annual costs (expenditures) for SSC procurement services, including salary and O&M. Contract Value is defined as the three-year annual average of the total value of contract entered into by the organization.
Target: $1.75
Resources
| Name | Format | Description | Link |
|---|---|---|---|
| Cost of procurement per each $100 of contracts awarded | CSV | Open resource | |
| Cost of procurement per each $100 of contracts awarded | CSV | Open resource |