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Author: Larry Berglund The anchoring effect in decisions can be a self-limiting influence. What we did last month to run a competitive process or prepare for a procurement is likely going to be how we approach our next. per m² has a strong influence on any other price we see-higher or lower. The price of carpet @ $10.00
The sole source justification process is rigorous and requires approval from the organization’s procurement services, with steps including the completion and review of a justification form, internal review and approvals, and adherence to transparency and compliance regulations to manage risks effectively.
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