Indices: Price change mechanisms to minimise risk premiums

Dear procurement team, I thought I’d write to give some feedback on your latest tender, specifically about your choice of price change mechanism.

Risk Premiums: minimise and manage

Potential suppliers hide risk premiums in prices to self-insure against adverse financial impacts.

What's the purpose of procurement?

The purpose I pursue differs from the lazy defaults of ‘best value' or 'value-for-money’. It's more specific and definite; it engenders a common understanding, clearer direction and important emphasis.

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