A market approach where, rather than undertaking a competitive bid or sole-source, a work package is awarded by issuing a purchase order or other … Read more

Competitive bid

A market approach where multiple suppliers and contractors are invited to submit sealed bids to deliver goods or services.

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

Contracting strategy

The precursor to the procurement and contracting plan. A formal statement of how the whole project will be structured from the perspective of the … Read more


See Corporate Social Responsibility.