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

The Procurement ClassRoom

Organizational procurement policies often establish thresholds for the application of RFQs, RFPs, REOIs, and IFBs, defining their use within specific procurement methods or strategies. Most organizational procurement policies define thresholds that dictate when a particular method should be used. What is a Solicitation Tool?

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

Public procurement spending accounted for an average of 30% of total public spending across the region [1] and as much as 74% of that spending is wasted due to inefficiencies [2] , according to data from FISLAC , an analytics platform developed by the IDB’s Fiscal Management Division (FMM).

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Commercial Opportunity for the VA Medical Supply Chain 

The Coalition for Government Procurement

The MSPV program accounts for approximately $700 to $800 million in purchases in support of veterans healthcare. As a threshold matter, it is important to note that the remaining 85 percent of supplies and products are ordered manually across the VA. Significant challenges across the medical supply chain remain.

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Congress presses VA on modernization overhaul, supply chain system upgrade

FedScoop

The implementation of EHR was later suspended in 2023 as part of a reset, and the department noted that it was working toward holding Oracle Cerner accountable for delivering high-quality services. The post Congress presses VA on modernization overhaul, supply chain system upgrade appeared first on FedScoop.

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CIO-SP4 drives 22% surge in bid protests filed in fiscal year 2023, according to GAO

FedScoop

Challenges to a $50 billion government-wide IT contracting vehicle, CIO-SP4, contributed to a 22% increase in bid protests handled by the Government Accountability Office, according to numbers the agency submitted to Congress. The only place you can go is GAO once you meet certain dollar thresholds.”

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Could a HUD-funded 3D-printing project transform housing in Alaska?

FedScoop

And that doesn’t even account for an igloo-sized elephant in the room. Almost 79,000 households were spending more than 30% of their income on housing-related costs, the report noted, exceeding a threshold that, according to HUD, impacts the ability to pay for other basic needs. Residents have been asking, “will it work in Nome?

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

Thankfully, there are methods that encourage procurement simplification and SME participation while maintaining a balance between risk, quality, and standards. With fewer layers of bureaucracy, it is easier to assess and measure service quality. They, unlike larger companies, do not have as much time to solicit new work.