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Seven Steps To More Transparent Sourcing

Procureware

Below is an example of public solicitations from the City of Vancouver, Washington. Detailed description of public bid opportunity Step 2: Provide Online Vendor Registration Publishing bid or tender solicitations is a great first step to improve transparency; today, however, vendors expect more. Auditors love it!

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Roundtable roundup: Best practices for crown corporation procurement

Bonfire

If the amount is over the threshold, sourcing is led by the procurement team, whether through a public bid, NOI, or limited tendering option. Vendors can see each other’s pricing (usually in real time) and try to beat those bids by going lower. The end goal is to drive purchase prices down for the buyer.