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Project Management for Business Success |
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| RFP and Tender Management |
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There is no doubt that selecting the right products and services impacts the bottom line. To put it simply, the aim is to find the best solution available to solve a specific problem within a budget. However, organisations are often not aware of all of the solutions available to them and do not have the expertise to execute a selection process that arrives at the most suitable choice. |
"We can help
you to make the
right purchases" |
EQuest Consulting has a great deal of experience in managing the procurement of items involving complex requirements and investments of millions of dollars.
The process should start with a determination of the requirements for the solution involving all of the stakeholders. Documentation that is to be issued to vendors must be created, which could be any of an Expression of Interest (EOI), Request for Information (RFI), Request for Proposal (RFP) or a Tender, depending on the stage in the selection process and the items
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being procured. This is a crucial step to ensure that appropriate responses will be received that can be used to make informed decisions.
Depending on the nature of the items being sourced, the selection could be “open” to any party that wants to respond or “closed” to a pre-defined list of potential vendors. If the latter is more appropriate, determination of the list of vendors will require a detailed knowledge of the market to ensure that viable options are not overlooked.
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The evaluation of responses requires expertise to consistently assess each of the proposed solutions against the requirements and also any other criteria that need to be considered, such as cost. Therefore, detailed evaluation criteria must be determined and weighted in correspondence to their importance and each solution carefully scored against the criteria. Often short listed vendors are invited to present their solutions for a final selection.
EQuest Consulting has the expertise to manage this process professionally and independently. We can utilise tools that keep an audit trail of information and correspondence throughout the process and ensure probity. We can help you to make the right purchases, leading to results and cost effective solutions.
Case Studies
Management of an RFP and RFT Selection Process
RFP Management for a Compliance Project
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