The Conduct Procurements process consists of;
- Obtaining seller responses
- Selecting a seller
- Awarding a contract
The key benefit of this process is that it provides alignment of;
- Internal & external stakeholder expectations
- Through established agreements
During conduct procurements, the project team will;
- Receive bids & proposals
- Apply previously defined selection criteria to select one or more sellers
- Who are qualified to perform the work and acceptable as a seller
With major procurement items;
- The entire process of requesting & evaluating responses can be repeated
- A short list of qualified sellers can be established based on preliminary proposal;
- This allows for a more detailed evaluation to be conducted versus the short list
- Based on a more specific & comprehensive requirements document
Tools and techniques for conducting procurements;
- Can be used alone
- Or in combination with selected sellers
- For example; using a weighting system
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