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Quotation T/ING/010/2023qGEORGE MUNICIPALITYQUOTATION NUMBER: T/ING/010/2023q QUOTATION FOR THE SUPPLY AND DELIVERY OF BODY CAMERAS FOR TRAFFIC OFFICERS AND RELATED SOFTWARE SUPPORT FOR THE PERIOD
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Identify all costs associated with the project or activity.
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Estimate the amount of each cost and categorize them accordingly.
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Identify all benefits that will result from the project or activity.
04
Estimate the value of each benefit and categorize them accordingly.
05
Calculate the net present value by subtracting the total costs from the total benefits.
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Conduct a cost-benefit analysis to determine the overall feasibility of the project or activity.

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Cost and benefits analysis is a systematic process for evaluating the costs and benefits of a project, decision, or policy.
Various stakeholders including government agencies, businesses, and organizations may be required to file cost and benefits analysis depending on the context.
Cost and benefits analysis involves identifying all relevant costs and benefits, quantifying them in terms of monetary value, and comparing them to make an informed decision.
The purpose of cost and benefits analysis is to evaluate whether the benefits of a project, decision, or policy outweigh the costs, helping decision-makers make informed choices.
Typically, cost and benefits analysis report includes information on all relevant costs, both tangible and intangible, as well as potential benefits, risks, and uncertainties.
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