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