Raj, a procurement officer at RBC in Toronto, is evaluating…
Raj, a procurement officer at RBC in Toronto, is evaluating bids for a new security system. The first vendor quotes $850,000. Two subsequent vendors submit proposals at $620,000 and $580,000 with comparable specifications. Raj recommends the $620,000 option to his director, describing it as an exceptional value, despite the fact that the lowest bid offers nearly identical features. What should Raj’s director instruct him to do to ensure the final selection reflects actual value?