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This is the process of obtaining the quotations, bids, offers and proposals from potential sellers. |
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The sellers responses should include how the project requirements can be met as well as the costs associated. |
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This request for seller responses is typically conducted in the form of a written request via electronic mail, traditional mail and/or fax. |
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Inputs |
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Organization Process Assets | |
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Procurement Management Plan | |
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Procurement Documents |
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Tools and Techniques |
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Bidder Conferences: also known as "contractor conferences" or "pre-bid conferences". |
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These are meetings with potential sellers to make sure that all technical and contractual requirements are clear for the project and the bidding process. | ||
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These are particularly useful for complex, technical, or flexible procurement specifications as it provide a forum for discussion with everyone. |
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Responses to questions can be incorporated into the procurement documents as modifications. |
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Advertising: this tool is typically used to increase the existing list of sellers by placing advertisements in general circulation publications, such as magazines, newspapers and other publications. | |
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Develop Qualified Sellers List: these lists can be developed from the organizational assets if such lists or information are readily available. |
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If not available the project team can develop its own sources. | ||
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General information is widely available through the Internet, library directories, relevant local associations and other similar sources. | ||
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Detailed information on specific sources may require more extensive effort, such as site visits or contact with previous customers. | ||
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Procurement documents can also be sent to determine if some or all the prospective sellers have an interest in becoming a qualified potential seller. |
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Outputs |
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Qualified Sellers List: this is a list containing those sellers who are asked to submit a proposal or a quotation. |
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Procurement Document Package: this is a set of documents which has been given to all invited sellers giving instructions for them on to respond to the proposal. |
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Proposals: these are the seller's prepared document (response) detailing how he/she is going to deliver the required product or service in terms of ability and willingness. |
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Proposals are considered a formal and legal response to the buyer's request. |