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Discounting is used to compare costs and benefits occurring over different periods of time – it converts costs and benefits into present values. It is based on the concept of time preference: that generally people prefer to receive goods and services now rather than later. If Projects A and B have identical costs and benefits but Project A delivers benefits a year earlier, time preference means Project A is valued more highly. (The Green Book)
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View AllPrior to submitting a bid, you should always schedule in adequate time to review your tender and ensure it is reflective of the time, effort and resource required to create the submission.
Bidding for contracts is a time-consuming, complex and competitive process, with many rules and preferences from the authorities governing the evaluation process.
One of the most common quality topics within health and social care tenders is how bidders will deliver person-centred care.