Tag: Encouraging competition
Working well within their procurement policies and guidelines, government and corporate procurement staff can do many things to encourage and facilitate competition: issuing simpler, clearer RFPs; managing the statement of requirement or statement of work so that it meets industry capabilities; setting reasonable response standards.
Term: Request for Expression of Interest
A procurement tool used to identify probable level of competition in a planned procurement, by requesting non-binding expressions of interest on the opportunity as defined. Sometimes called Request for Letter of Interest. If Expression and Letter of Interest are meaningfully different, the distinction escapes me.