Remove Competitive Bidding Remove Import Remove Public Procurement
article thumbnail

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

The Procurement ClassRoom

Throughout the evolution of project and public procurement management, terms and expressions in the field have increasingly been used interchangeably. Limited Competition : An RFQ may be restricted to the local market when the required goods or services are readily available locally. What is a Solicitation Tool?

article thumbnail

Understanding Standard Bidding Documents in Public Procurement

The Procurement ClassRoom

Introduction This article is based on the review of standard bidding documents from several organizations including the World Bank , Millennium Challenge Corporation , the Public Procurement and Concession Commission of the Republic of Liberia , and Public Procurement Authority of Ghana.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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

American City & Country

The single most important factor for any organization to consider when buying technology is collaboration, both internally and with potential solution providers. In many cases, our cooperative contracts qualify in most jurisdictions as competitively bid and awarded, making them eligible for expedited (or simplified) acquisitions processes.

Import 110
article thumbnail

The Importance of Ethical Procurement Practices in Public Sectors

The Procurement School

Author: Helen Doucette “Accept the bid from ABC Company” said the VP of Finance to the Director of Procurement. “I According to the Competitive Bidding 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.

Ethics 98
article thumbnail

Enhancing Competition in Public Procurement: Lessons from the NAO Report

Tracker Intelligence

Competition in public procurement is not limited to financial competition; it is a key source of innovation and guarantees the fair allocation of public contracts. However, a recent National Audit Office (NAO) investigation has found that there are major obstacles to competition in this sector.

article thumbnail

When should procurement be outsourced?

The Procurement School

Factors which influence outsourcing: Smaller public entities, in terms of budgets, typically do not fund staffing resources for procurement. Their CFO is required to ensure value for money and compliance with competitive bid laws. Outsourcing the procurement expertise is a growing option for smaller entities to consider.

article thumbnail

How Government Contracting (Government Procurement) Offers Opportunities for Innovation

Tracker Intelligence

But beyond the financial rewards, what does your business stand to gain from getting involved in public procurement with the government? And how can you stand apart from the competition to win government procurement contracts in the first place? It shows your business has excelled in the competitive bidding process.