Category: 2. Planning
Competitive tension
The concept that if two or more contractors are invited to bid for a tender, they are more likely to offer competitive prices or quality … Read more
Free-issue
A free-issue item is one that is provided to the supplier or contractor rather than being supplied by the contractor. It is common in … Read more
Market approach
The way in which a work package is to be put out to the market. Market approaches include: Competitive bid, Sole-source, and Call-off.
Procurement and contracting plan (PCP)
A formal document and/or schedule that: Lists all of the individual work packages required to deliver a project scope, Summarises the market approach and other … Read more
Sole-source
A market approach where only one supplier or contractor is invited to submit a bid in response to a tender. Sole-source is discouraged as … Read more
Work package
A line item on a procurement and contracting plan. A work package has a defined scope of work that can be awarded to a single … Read more