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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.

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Top Strategies for Successfully Selling to the Government

Select GCR

This person can advocate for your solution, help uncover budget sources, and guide you through the procurement process. Most government contracts require a competitive solicitation process, especially for purchases exceeding certain thresholds, typically ranging from $5,000 to $50,000.

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

Inter-American Development Bank

This would result in large monetary and transactional savings for governments because, for example, approximately 25% of public contracts in the region require time extensions averaging nearly double their original terms, while around 13% experience budget increases of up to 50%. of GDP, according to FISLAC calculations. 4] Bandiera, O.,

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

Participants heard from industry experts, shared best practices, and forged new connections with their peers. Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source. If you missed the event, don’t worry!

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A red light for corruption: How the Dominican Republic is using open data, better processes & collaboration to fight corruption

Open Contracting Partnership

Public contracts matter, he says: “The government allocates 32% of the country’s budget towards goods, services, and public works, to secure the rights and enhance the quality of life for citizens. Corruption in public procurement makes us poorer and takes our rights away.” The team continues to add new variables.

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A Beginner's Guide to Long-Range Acquisition Forecasts (LRAFs)

GovCon Chamber of Commerce

Final decisions about competition, small business participation, and estimated value are made whenever a solicitation is posted to SAM.gov. Review any available website, budget and strategy documents for that office Create an outreach plan before you make your first call. Verify the program office where the work is really being done.

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Navy’s journey to new procurement system remains in peril

Federal News Network

The Navy ePS program is on track, on budget and hitting all of its milestones, and since the report came out, they’ve onboarded yet another tranche of users and migrated $1.6 billion in contracts on. The system has executed over $22.6 Today, more than 100 contract actions worth more than $1.5 The service received $5.9 million in 2024.