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Spending & POs give you historical purchasing data down to the line item, enabling you to price your services competitively. Bids & RFPs allow you to review the requests an agency has issued in the past, giving you insight into their standard requirements.
Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I According to the CompetitiveBidding Law of Canada, we can only accept compliant bids. I cannot” replied the Director. “Why Why not” asked the VP. ABC’s was late and deemed non-compliant.
They also come with other aids, such as bid management tools, competitor analysis, contract management, or compliance tracking, which organisations can use to improve bidding strategies and increase their odds of winning contracts. They allow enterprises to venture into competitive opportunities in the commercial marketplace.
Everybody knew that a competitivebid would be issued to the usual suspects and that was the best way to determine value. When a contract for copy paper was due to expire, there was relatively little discussion about doing anything different but having procurement running an RFX.
The suggestions apply to all segments of competitivebidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement. Keep mandatory requirements to a minimum, bid closings straightforward, and include flexible language written in for post bid clarifications.
Solution: Open contracting fosters competition among vendors, reducing costs through competitivebidding. Governments can also explore innovative financing models, such as public-private partnerships, to share the financial burden of large-scale projects.
Team members should include procurement, finance, legal, and subject matter experts. Be careful to only select Canadian ones due to our CompetitiveBidding Laws and Trade Agreement obligations for the public sector. This also will identify who will be evaluating the RFP responses. Contract type – fixed price per month.
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