Remove Competitive Bidding Remove IT Remove Negotiation
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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 include scenarios where only a few suppliers are known to the procurement entity or when the cost of conducting an open competitive process exceeds the value of the procurement itself.

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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

These contracts are competitively bid and offer access to a broad range of goods and services at negotiated rates, making them ideal for organizations of all sizes. When it comes to procurement, having a clear, strategic approach is key to delivering value to your organization. ’ and this is the way to get those.”

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Believe It Or Not, Procurement Impacts Every Single Person

ivalua

At some point, there was a need for this, a solicitation process to select a supplier, a competitive bidding process, a contract negotiation, transactions and so on. You’re probably wondering what i’m going on about here. It’s pretty simple, actually.

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GSA’s Earth Observation Solutions: Powering informed decision-making

Great Government Through Technology

With such a large pool of vendors, agencies are able to get multiple competitive bids to get the best price for required services. Cost savings: Pre-negotiated pricing and terms help speed up procurements, maximize value, and optimize spending. Currently GSA works with 91 EOS vendors to provide services to agencies.

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

American City & Country

With this blurring of lines, duties and responsibilities within traditional IT roles, Mitchell says it is important to also have legal, HR, procurement, compliance and operations at the table to aid in negotiations. He urges governments to keep the communications lines open with vendors.

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Private Sector Tender Platforms and Databases

Tracker Intelligence

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. It is known for its real-time alerts and in-depth market information.

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

The Procurement School

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. Everybody knew that a competitive bid would be issued to the usual suspects and that was the best way to determine value. When other colleagues adopt similar methods, it suggests we do the same.