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

The Procurement ClassRoom

Limited Competition : An RFQ may be restricted to the local market when the required goods or services are readily available locally. These methods may include Shopping , Limited Competitive Bidding , Force Account , or Direct Contracting. What is a Solicitation Tool?

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On technology buys, it’s important that agency stakeholders work together throughout the process

American City & Country

These include: • Highly collaborative • Hands-on engagement between agency personnel, vendors and consultants • The project has clearly defined deliverables (with project milestones) • All parties are fully invested and committed to providing all resources necessary to drive success.

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Mastering SAM Government Contracting

Select GCR

Learn the ins and outs of maintaining compliance, crafting a competitive bid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. To thrive in federal contracting, having an active registration on SAM is non-negotiable.

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Finding the 2nd Right Answer: The Planning Phase of Procurement

The Procurement School

Everybody knew that a competitive bid would be issued to the usual suspects and that was the best way to determine value. The 2nd right answer: negotiate with the VP to run cycle counts concurrent with a commitment to doing a physical inventory count for the last time. The status quo rules.

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Sole Source Procurement: A Guide to Single-Source Acquisitions

Select GCR

Having multiple suppliers to choose from allows a procurement team to leverage competitive bidding, ensuring the best value for the organization. In such cases, the competitive bidding requirement is not applicable. It is typically employed to save time and resources by avoiding a competitive bidding process.

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Negotiating Contracts in Canada: Tips for Contract Managers

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Working with external consultants is one of the means to identify and mitigate risks.

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How Consultants Help Identify and Mitigate Risk

The Procurement School

Competitive bids need to be issued; policies updated: contracts need active oversight; staff hiring and retention; trade agreement obligations; supplier performance evaluations; or Indigenous engagement must be factored in to the decision-making. Working with external consultants is one of the means to identify and mitigate risks.