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Realizing Procurement's Full Potential in Value Creation


In this white paper, we explore the value of TCO in procurement, how agencies can apply it in their procurement processes, and the benefits it can bring to an agency and its taxpayers. We also address how the regulatory environment can impact an agency’s ability to use TCO in its procurement process and look at one example where a state changed its procurement regulations to enable the use of TCO in procurements and evaluation criteria.

Since TCO mirrors many best practices from highly successful commercial firms and other non-­‐governmental organizations (NGOs), we have translated some private market best practices to public procurement and included examples of these best practices. We have also provided readers with takeaway reference guides they can use and adapt to meet their own needs.

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