Procurement Decisions

You have four vendors on the "short list" for a project that involves procurement decisions. They have virtually the same experience, have proposed similar project teams, and have excellent references. Two are major national vendors, one is a local company, and the other is a regional firm. The regional firm has the lowest price, followed by the local firm, with the national vendors submitting the highest bids.

• Does size make a difference?
• What about cost?
• What other information would you need to make a decision?