Section Three: Market Research 3.1 Key Information 3.1.1 Market Research Phase Process Flow The market research phase of the procurement lifecycle is defined as the process of defining the specific need and determining the most appropriate acquisition method for a procurement. The market research phase is arguably the most important phase of the procurement lifecycle ...
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Chapters : Market Research
3.6 DETERMINE THE CONTRACT TYPE Another key decision that must be made during the planning phase is what contract type to utilize. Unlike the method of procurement, that determines how you are going to solicit bids for the project, the contract type will determine how the bidders will price the goods, services or construction and ...
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3.8 Finalize Specifications/Statement of Work 3.8.1 Gathering Requirements The Procurement Officer must facilitate open dialogue with the identified stakeholders to gather requirements for the procurement. Requirements are the essential features and functions that must be met by the provided good or service. The Procurement Officer should encourage discussion and ask sufficient and pertinent questions to ...
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3.9 Develop Proposal Evaluation Strategy Proposal evaluation, particularly in a RFP, usually consists of an evaluation of mandatory requirements, evaluation criteria and cost/price. The evaluation criteria used to assess proposals consist of the factors and sub-factors that reflect the areas of importance to an agency in its selection decision. Through the evaluation factors, the agency ...
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