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

The Procurement ClassRoom

This article seeks to disentangle these overlapping terms by examining the tools and methods that are often used interchangeably. Limited Competition : An RFQ may be restricted to the local market when the required goods or services are readily available locally. What is a Solicitation Tool?

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Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Introduction This article is based on the review of standard bidding documents from several organizations including the World Bank , Millennium Challenge Corporation , the Public Procurement and Concession Commission of the Republic of Liberia , and Public Procurement Authority of Ghana.

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

This article explores practical approaches to streamline public sector procurement processes and focuses on increasing participation from Small and Medium-sized Enterprises (SMEs). The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement.

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Contract with the Government: Essentials for Businesses

Select GCR

This article will guide you through the essentials of government contracting, from understanding different contract types to the steps required to secure a contract with government. Competitive pricing is crucial; pricing too high may result in your proposal being dismissed, while pricing too low may signal low quality.

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

This article cuts through complexity to address when sole sourcing is necessary, the justification process, and how to manage the associated risks. Having multiple suppliers to choose from allows a procurement team to leverage competitive bidding, ensuring the best value for the organization. Navigating sole source procurement?

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Winning Strategies for the Aspiring Government Contractor

Select GCR

Whether you’re new to the industry or seeking to refine your strategies, this article can help elevate your business in the competitive sphere of federal contracting. Complying with federal bid submission regulations includes not making contributions to political parties or candidates during specific times in the contracting process.

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Understanding the Procurement Cycle: From Need Identification to Contract Closure

The Procurement School

The purpose of this article is to outline the RFP process. This is a very condensed process for this article as depicted in the 6 steps including proposed timelines as listed in the following image: STEP 1 Determine what you need by creating a Statement of Requirements (SOR) 1. Board rooms are to be cleaned daily.