Remove 2010 Remove Bidder Remove Competitive Bidding
article thumbnail

Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Limited Competition : An RFQ may be restricted to the local market when the required goods or services are readily available locally. Single Source : In some cases, procurement may rely on a single known supplier , especially when no alternative options exist, or time constraints make broader competition impractical.