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Organizational procurement policies often establish thresholds for the application of RFQs, RFPs, REOIs, and IFBs, defining their use within specific procurement methods or strategies. The choice of a procurement method is often determined by the cost of the item to be procured or the nature of the requirement.
A number of webinars we have held at GW Law School, including a July 2024 series on emerging international best practices, confirmed that there are many parallels between these “green procurement” strategies. Strategies In “Green Procurement,” 66 Gov. Planning The first strategy looks to procurement planning.
These reactions can lead to strict risk management and purchasing policies with overly complicated bid documents and onerous requirements that are imposing on potential SME bidders. Additionally, a simplistic risk transfer strategy may reduce market interest, and the number of bids submitted.
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