Ensure that these procurement objectives link directly to the background and the description of the requirement. 3.4 Quadrant Assessment Answer the following questions to identify which quadrant the procurement is within. If the answer to all of these questions is YES, the procurement is assigned to a low complexity quadrant (quadrant 1 or 3). However, if the answer to any of the above questions is NO, the procurement is considered in a high complexity quadrant. Question Yes/No Comments Does the supply market have the capability to meet current Yes No and anticipated demand? Can the public authority readily continue to function (meet all Yes No key customer needs) if supply is interrupted? Is there a low probability that the goods/services will be Yes No superseded or become obsolete during the life of the contract? Is provision and ongoing use of the goods/services considered to Yes No be safe? Is stakeholder and public interest in the purchase low? Yes No Are all risks assessed as low and/or managed through Yes No standard practices and routine procedures to ensure that they will not impact on the achievement of the procurement objectives? 3.5 Estimated Value Provide an estimate of the proposed contracted cost(s) over the total contract term, including any extension options (GST inclusive). Ensure that all potential additional work is included within the contract value (including options). Provide an explanation of the basis for the estimate of value including the rationale for any cost assumptions. Ensure the cost estimate is based on market research and benchmarking, and is congruent with the market conditions and the buyer’s relative market power.
Ensure that these procurement objectives link directly to the background and the description of the requirement. 3.4 Quadrant Assessment Answer the following questions to identify which quadrant the procurement is within. If the answer to all of these questions is YES, the procurement is assigned to a low complexity quadrant (quadrant 1 or 3). However, if the answer to any of the above questions is NO, the procurement is considered in a high complexity quadrant. Question Yes/No Comments Does the supply market have the capability to meet current and anticipated demand? Yes No Can the public authority readily continue to function (meet all key customer needs) if supply is interrupted? Yes No Is there a low probability that the goods/services will be superseded or become obsolete during the life of the contract? Yes No Is provision and ongoing use of the goods/services considered to be safe? Yes No Is stakeholder and public interest in the purchase low? Yes No Are all risks assessed as low and/or managed through standard practices and routine procedures to ensure that they will not impact on the achievement of the procurement objectives? Yes No 3.5 Estimated Value Provide an estimate of the proposed contracted cost(s) over the total contract term, including any extension options (GST inclusive). Ensure that all potential additional work is included within the contract value (including options). Provide an explanation of the basis for the estimate of value including the rationale for any cost assumptions. Ensure the cost estimate is based on market research and benchmarking, and is congruent with the market conditions and the buyer’s relative market power.