Vendor Evaluation
Vendor Evaluation Overview:
When a client is in need of procuring new equipment or services that require a large investment the process of choosing a vendor can be a lengthy and difficult undertaking. NorthernLights Advisory Services provides the following to our clients engaging our Vendor Evaluation Services.
Draft request for proposal.
Determine which vendors would potentially qualify to provide the equipment or services required by the client.
Field questions from vendors.
Read and evaluate all vendor proposals for completeness and accuracy.
Research and present information on each vendor prior to meetings.
Develop a vendor comparison.
Attend and evaluate the vendor proposal meetings.
Present vendor pros and cons after all vendor meetings are completed.
Assist the client in narrowing down the list of vendors.
Call vendor references and confirm qualifications.
Request and obtain best and final pricing.
Prepare price comparison and present to the client.
Review price proposals and negotiate final bids.
Assist the client with making final decision.
Draft and present final recommendation report for client approval.
Vendor Evaluation Benefits:
NorthernLights Advisory Services provides the following benefits to the clients using our Vendor Evaluation Services.
Understand the objective of the product or service procurement.
Consider all cost effective options available.
Identify the best possible options for the client by utilizing our experience with vendors.
Position the client for the best possible vendor selection through a comprehensive Request for Proposal and binding proposals from vendors.
Provide the client protection by working with legal staff to include essential contract language and ensure the best services are obtained.
Secure the best possible price for the equipment or services to be provided.
Evaluate all vendor proposals and provide a fair comparison.
Provide the clients with a complete and objective opinion.