Remove Buyers Remove Risk Management Remove Thresholds
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It’s Time to Rethink Supply Chain Risk Management

ivalua

Has past performance exceeded a threshold? Are the supplier’s 3rd party risk ratings acceptable? Assessing Risk across the Supply Chain. How to properly assess risk is itself a complex topic which I can barely scratch the surface of here. Has a supplier provided relevant certifications (.i.e.

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Simplifying Public Sector Procurement: Strategies to Increase Sme Participation

The Procurement School

Seasoned practitioners in public procurement can be jaded from situations that have gone wrong, and it is common for inexperienced public buyers to experience risk aversion and fear of the unknown. Relationships will benefit when buyers promptly respond to SMEs’ queries and consider them as a valuable and positive part of the job.

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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

Approach: The new director of the procurement agency led the development of a data-driven corruption risk monitoring system and worked with a reform team to strengthen the institutional capacity of government buyers, improve cross-agency coordination and increase collaboration with civil society.

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From a recent practitioner: More of what’s ahead for federal acquisition in 2024

Federal News Network

For what buyers and sellers can expect in the year ahead, we hear from Sonny Hashmi. I think we recently saw an article that we crossed $100 billion a year market share threshold, which was somewhat unheard of just even a few years ago, but it’s all due to an unknown. We’ve made significant strides over the last year.

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

For procurements exceeding specified thresholds, justification must document the effort to find alternative suppliers, listing unique technical requirements and companies contacted. Therefore, procurement teams must implement strategies to manage these risks effectively.

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Friday Flash 08/16/2024

The Coalition for Government Procurement

While the buyer had not secured financing when the term sheet was signed, the term sheet was not conditioned on obtaining financing nor does it appear that financing was in doubt. The proposed changes to the DFARS are primarily to: Add references to the CMMC 2.0

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Friday Flash 11/03/23

The Coalition for Government Procurement

Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.” See Section 2.