Cost Benchmarking Exercise

Tender description

Tender for a supplier to undertake a cost benchmarking exercise: The University, in conjunction with a number of other similar universities, (current total 7) intends to undertake a joint costing benchmarking exercise and seeks a supplier with a proven track record in this field. The aim of the benchmarking exercise is to provide comparative costs of academic departments and administrative services to each institution. This information can then be used to support strategic decision making and to identify opportunities for improved value for money and efficiency. The initial exercise is to be carried out at a snap shot in time although the capability for extension into a longer programme if required would be welcomed. It should be explained how additional institutions could join the exercise at a later point and at what additional cost.