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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. Additionally, the procurement management team may select the procurement method based on the nature or complexity of the requirement.

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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.

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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.

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The four key drivers that can enable better IT procurement

Open Contracting Partnership

More often than not, public procurement of technology is viewed as non-transparent, uncompetitive, poorly planned, inefficient, costly, and having high failure rates. The G-Cloud initiative in the UK provides a framework for public sector organizations to easily and cost-effectively procure cloud computing services.

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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. Being responsible for Procurement at the city, county or state level is a big deal and it directly impacts citizens.

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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.

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How was 2020 for a Bid Manager?

Tendersinfo

With the rising number of cases, governments eased out procurement rules and called out for suppliers to fulfill the overwhelming demand for masks, PPE kits, and other protective gear. The EU has adapted to various public procurement rules that are centered on boosting up the economy and prepare for future crises.

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