The Procurement ClassRoom

NOVEMBER 16, 2024

Yet, these terms—such as Request for Quotations (RFQ), Request for Proposals (RFP), Request for Expressions of Interest (REOI), and Invitation for Bids (IFB)—are technically indicative of distinct concepts. Most organizational procurement policies define thresholds that dictate when a particular method should be used.

Procurement 105

Procurement Competitive Bidding Bidding Supplier 105

The Procurement School

OCTOBER 22, 2024

The suggestions apply to all segments of competitive bidding, including the SME segments of Supplier Diversity, Indigenous and Social Procurement. Additionally, a simplistic risk transfer strategy may reduce market interest, and the number of bids submitted.

Participation 52

Participation Procurement Strategies Procurement Buyers 52

Tracker Intelligence

JANUARY 28, 2024

The tools within the platform are designed to ensure that the proposals for procurements launched through it are of high quality, thus increasing the chances of creating a winning bid with distinctive features in an industry that is quite competitive.

Tender 52

Tender Contract Bidding Public Procurement 52

Select GCR

FEBRUARY 13, 2024

Participating in the program opens avenues for securing federal contracts through sole-source awards, eliminating the need for competitive bidding up to a designated threshold. This disadvantage can manifest in different ways and affect people’s opportunities, well-being, and overall quality of life.

Education 52

Education Competitive Bidding Networking Participation 52

Select GCR

SEPTEMBER 3, 2024

Having multiple suppliers to choose from allows a procurement team to leverage competitive bidding, ensuring the best value for the organization. In such cases, the competitive bidding requirement is not applicable. This indicates the presence of competitive market alternatives.

Procurement 52

Procurement Supplier Price Competitive Bidding 52