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  • Request For Bid. Sole Source Justification Form

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What is a Sole Source Procurement? ... A sole source procurement can be defined as any contract entered into without a competitive process, based on a justification that only one known source exists or that only one single supplier can fulfill the requirements.

The Justification Memorandum is not a specific form. The term is used to reference a memo or letter which must be prepared by a requesting department to justify the purchase of certain items or the use of a specific purchasing method.

One of a Kind. Necessity of propriety item which must be compatible with existing equipment or systems and which is available only from the original manufacturer. ... Emergency. only allowable in rare circumstances. ... Awarding Agency Approval. ... No Competition: (Grant funds only)

A sole source purchase means that only one supplier (source), to the best of the requester's knowledge and belief, based upon thorough research, (i.e. conducting a market survey), is capable of delivering the required product or service.

Sole source means that a single vendor is uniquely qualified to meet the department or school's procurement objective and therefore the purchase should be exempt from the competitive bid process. ... Competition, whether real or perceived, ensures that suppliers keep their prices reasonable. Complete this Form.

SINGLE SOURCE PURCHASE JUSTIFICATION DEFINITION: A Single Source procurement is one in which two or more vendors can supply the commodity, technology and /or perform the services required by an agency, but the department selects one vendor over the others.

Find out what motivates the vendor and make it win-win. Every vendor has underlying motivations for closing a deal. ... Look for small "value adds" to enhance the deal. ... Create tiered risk/rewards scenarios for Service Level Agreements. ... Agree on an objective price adjustment method for the future.

In purchasing sole sourcing take place when only one supplier for the required item is available, whereas with single sourcing a particular supplier is purposefully chosen by the buying organisation, even when other suppliers are available (Larson and Kulchitsky, 1998; Van Weele, 2010).

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232