The Procurement School

JANUARY 22, 2024

The main point is to devote sufficient time to the procurement planning stage (concept and development) to ensure all stakeholder considerations are addressed. This includes clients, current vendors and unsuccessful bidders of previous similar procurements. A best practice is to use current procurement document templates.

Procurement 40

Procurement Procurement Contracts Bidder Contract 40

The Procurement School

NOVEMBER 16, 2023

To accept the bid would put the organization at risk of being sued by all the other 6 compliant bidders for the value of this contract of $9 million plus up to 2 years of lost profit”, the Director replied. “I These experts are well-equipped with the knowledge and skills needed to navigate the intricacies of procurement processes.

Ethics 98

Ethics Import Procurement Public Procurement 98

The Procurement School

DECEMBER 17, 2024

A good example is insurance requirements which can cause procurement contracts to fail. Sometimes, the stated insurance dollar limits are too high given the actual risk and can exclude qualified bidders. A common error is to continually reuse the same contract for all types of procurement.

Contract Management 52

Contract Management Management Bidder Insurance 52