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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

It is concerned with the “what” of public procurement—focusing on procuring goods , services , and works that meet specific requirements, delivered on time, within budget, and at the required quality. This supports not only the public sector entity and its stakeholders but also the broader community.

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The Benefits of Procure-to-Pay

ivalua

A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Buying at negotiated prices and within budget. Manual labor involving fixing invoicing issues caused by suppliers or missing orders and receipts are more easily resolved. Supplier, contract, legal tax and policy compliance.

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Navigating the 5 Steps of the Procurement Journey Part 1

The Procurement School

Needs analysis ensures an accurate understanding of the goods / services being procured. The more complex the procurement the greater the requirement to utilize the above process to develop the procurement strategy to lead to a good procurement outcome. The Procurement Process – Buyandsell.gc.ca

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The Benefits of Procure-to-Pay

ivalua

A procure-to-pay platform can offer: A single place for goods, services, components, tools and travel. Buying at negotiated prices and within budget. Manual labor involving fixing invoicing issues caused by suppliers or missing orders and receipts are more easily resolved. Supplier, contract, legal tax and policy compliance.

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The Bid Evaluation Process

The Procurement ClassRoom

Lowest Responsive Evaluated Bid versus Lowest Priced Bid Newbies to Public Procurement are usually confused when it comes to the difference between lowest responsive evaluated bid and lowest priced bid. Therefore, the bid recommended for contract award may not necessarily be the bid with the lowest read-out price.

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Pre-Bid and Pre-Proposal Meetings: Similarities and Differences

The Procurement ClassRoom

Cost Considerations: Holding these meetings in accessible locations can reduce travel costs for participants, potentially reflecting positively in their bid prices. Pre-Proposal Meetings: Generally, do not involve site visits, as the focus is on consulting services rather than physical works.

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Guide to Modern Vendor Relationships

The Procurement School

When thinking about these questions, consider three different types of vendor relationships: (a) vendors wanting to do business with government; (b) vendors participating in a solicitation process; and (c) contractors providing goods, services or construction to government. Information pertaining to vendor’s costs is not provided (e.g.