Which two of the following would be unlikely to increase value for money for an organisation?

Which two of the following would be unlikely to increase value for money for an organisation?
A . Attending social events at supplier’s expense
B . Use of value analysis or value engineering
C . Standardisation of components
D . Accepting a late bid in a tender process

View Answer

Answer: A, C

Explanation:

Suppliers entertain to retain or generate business – there is a cost to this, which is recovered from customers – the antithesis of value for money. Late bids are sometimes related to inflated prices and instances of malpractice. A late bid is extremely unlikely to increase value for money in the long term and is a serious breach of organisational procedure.