article thumbnail

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

The Procurement ClassRoom

Yet, these terms—such as Request for Quotations (RFQ), Request for Proposals (RFP), Request for Expressions of Interest (REOI), and Invitation for Bids (IFB)—are technically indicative of distinct concepts. These methods may include Shopping , Limited Competitive Bidding , Force Account , or Direct Contracting.

article thumbnail

Smarter collaboration: How Mexico City delivers major projects through inclusive planning

Open Contracting Partnership

Mexico City has devised an efficient, participatory, and transparent approach to seek input from potential suppliers and the public on draft contracting documents before a formal call to tender is announced. There are several benefits to this transparent discussion.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Goods : Documents used for procuring physical items.

article thumbnail

Webinar Recap: Uncovering Quality Opportunities in GovSpend Bids

GovSpend

In our most recent webinar, host Paige Mockler discussed how to navigate the GovSpend platform to uncover the best government bid and RFP opportunities. The Challenges of Finding the Right Bids Many businesses face common pain points when using bid platforms. GovSpend does more than notify users about open bids and RFPs.

Quality 59
article thumbnail

What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

In today’s fast-paced and budget-conscious public sector environment, efficient procurement practices are more crucial than ever. Time Savings Cooperative purchasing also increases efficiency by streamlining the procurement process. This reduces the need for bid preparation and evaluation.

article thumbnail

Contract Management’s Impact on Procurement Efficiency

The Procurement School

The following article discusses the various steps of contract management and its role in procurement efficiency. But first a definition of efficiency. Efficiency involves achieving intended results while minimizing time, resources and effort. It is about doing things optimally or maximizing time and resource use.

article thumbnail

Tab for access: How New York City is increasing participation and access to government contracts

Open Contracting Partnership

For example, over the last several years, the City has transitioned to PASSPort , an end-to-end online procurement system that creates additional transparency and efficiencies in the procurement process. And how do you successfully bid on those opportunities? This interview has been edited and condensed for clarity.