What exactly is a Proposal?

Proposals are:

• Submitted by a potential seller.
• Demonstrated an understanding of the procurement need, describe the seller's ability to provide the service or product and the detail the price for delivering the desired goods and/or service.

What are the major activities in Request Seller Responses?

What are the major activities in Request Seller Responses?

Advertising

• A method of expanding the number of potential sellers by publicly announcing the solicitation in general circulation publications.
  
  

Bidder Conference Meetings

• allows the sellers to ask questions and get clarifications about the project and bidding requirements.
• are also called vendor conferences, pre-bid conference or contractor conference.
  
  

Qualified Seller List

• is part of organizational process assets.
• will be sent only the pre-qualified sellers.

Introducing Request Seller Responses

Request Seller Responses:

• When the project manager requests seller responses, he obtains quotations, bids, proposals, or estimations from potential suppliers of goods or services being procured.
  
  
• The potential sellers must prepare and submit proposals in response to your requst.

What are the Considerations in Evaluation Criteria?

What are the Considerations in Evaluation Criteria?

• Understanding of need
• Overall or lifecycle cost
• Technical ability
• Management approach
• Financial capacity
• Project Management ability

What are Evaluation Criteria in PMP?

Evaluation criteria:

• are the standards used to rate or score proposals, quotes or bids.
• are objective and can be readily demonstrated and measured.
• are subjective and open to different interpretations.

Request for Information (RFI)

Request for Information is:

• develop lists of qualified sellers
• gain more input for resources availability

Invitation for Bid (IFB)

What is Invitation for Bid?

• When deliverables are commodities for which there are clear specifications
• when the quantities are very large
• is usually advertised