Vendor Selection Cost Overruns
Definition
Complex procurement processes for design services involve multiple stages (EOI, RFP, interviews), increasing administrative burden and potential for cost overruns in vendor bidding without digital tools.
Key Findings
- Financial Impact: 20-40 hours per tender preparation; potential overrun 5-10% of project value due to inefficient bidding
- Frequency: Per tender above AUD 80,000 threshold
- Root Cause: Manual handling of multi-stage tenders without separation of duties or evaluation plans
Why This Matters
The Pitch: Interior design players in Australia 🇦🇺 waste 20-40 hours per tender on manual submissions. Automation of bid management eliminates this risk.
Affected Stakeholders
Procurement Managers, Interior Designers, Project Owners
Deep Analysis (Premium)
Financial Impact
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Current Workarounds
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Methodology & Sources
Data collected via OSINT from regulatory filings, industry audits, and verified case studies.
Related Business Risks
Bad Vendor Decisions in D&C Procurement
Procurement Auction Price Competition Risks
Budget Tracking Cost Overruns
Delayed Invoicing from Variance Errors
Poor Supplier Decisions from Visibility Gaps
Delayed Client Payments from Milestone Billing Errors
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