Why Do Schools Pay Different Prices for the Same Stuff?
Price transparency in K-12 has not historically been top-of-mind for education innovators, despite federal and state regulations governing competitive bidding and recent advancements in the “edfintech” (education financial technology) space.
New research from The Noodle Markets Reports, which appear regularly on Education Week, examines spending disparities among districts of differing socioeconomic statuses—for the same goods. Initial reports looked at data around instructional resource purchases in K-3 math, K-3 ELA, and 6-8 math. Company market share trends in these categories do not appear to be associated with relative pricing. The latest research looks at paired products purchased across districts. Is pricing consistent?
In this webinar, Dr. Peter Crosta helped viewers gain insights into reasons for pricing disparities and initiatives to increase transparency. Learn about competitive purchasing practices, state-negotiated purchasing contracts, district-approved vendor lists, and minimum bidder requirements. K-12 stakeholders of all levels will learn about the procurement process and promising new efforts to innovate.