Changing Evaluation Criteria After Bid Opening
Procurement Consulting
by Procurement.co
1M ago
Evaluation criteria are the standards and methods that procuring entities use to assess and compare the bids submitted by the suppliers. They are usually defined in the solicitation documents, such as the request for proposals or the invitation to bid, and they should be clear, objective, and transparent. Evaluation criteria should reflect the needs and expectations of the procuring entity and the end-users, and they should be aligned with the scope and objectives of the procurement project ..read more
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Compliance and Cybersecurity in Procurement
Procurement Consulting
by Procurement.co
1M ago
Compliance and cybersecurity are not optional or secondary in public procurement. They are essential and strategic for the success and sustainability of public procurement. They are also not static or fixed. They are dynamic and evolving, requiring constant attention and adaptation. That's why public procurement professionals need to stay informed, alert, and proactive in ensuring compliance and cybersecurity in public procurement ..read more
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What AI Can Do For Procurement
Procurement Consulting
by Procurement.co
1M ago
AI is one of the hottest topics in technology, but it is still a relatively new opportunity for procurement. Often AI is talked about as a magic new solution to problems, but what are the real AI opportunities for procurement? How can AI help solve some of the biggest challenges in procurement? And what are the best practices and pitfalls to avoid when implementing AI in procurement ..read more
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What Procurement Cannot Procure
Procurement Consulting
by Procurement.co
1M ago
We all know procurement professionals are like magicians, and they can procure any goods, works or services. But there are things we can’t procure. Let’s speak about those ..read more
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How to Define Quality in Procurement
Procurement Consulting
by Procurement.co
1M ago
Quality is a word that gets thrown around a lot in the world, but what does it really mean? How do we define it, measure it, and improve it? And why does it matter for procurement professionals and their organizations ..read more
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Procurement of Intellectual Property
Procurement Consulting
by Procurement.co
1M ago
The procurement of intellectual property is a complex and vital aspect of modern business. Whether it involves securing patents, trademarks, copyrights, or trade secrets, the acquisition of intellectual property rights enables individuals and organizations to protect their innovations, creations, and brands. Real-life examples like Apple, Disney, and Google demonstrate the power of intellectual property in shaping industries and driving success. As technology continues to evolve, effective procurement of intellectual property will remain crucial for fostering innovation and safeguarding creati ..read more
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Who Should Draft Procurement Contracts
Procurement Consulting
by Procurement.co
1M ago
Procurement contract drafting requires a delicate balance between legal expertise and practicality. While involving lawyers brings valuable legal knowledge and risk mitigation, it is important to consider the potential drawbacks such as cost implications, time-consuming processes, and the need for collaboration with procurement professionals. By striking the right balance, organizations can create procurement contracts that protect their interests while being aligned with their strategic goals and operational realities. We think drafting procurement contracts should be a joint exercise. What d ..read more
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Arguably, The Biggest Scandal in US Public Procurement
Procurement Consulting
by Procurement.co
1M ago
In a groundbreaking court case that captivated the nation, former Virginia Governor Bob McDonnell and his wife, Maureen McDonnell, found themselves at the center of a corruption scandal that redefined the limits of public procurement. The case, United States versus McDonnell, delved into the murky world of political influence and raised important questions about what constitutes an "official act" and the role of money in politics ..read more
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Navigating Vendor Protests: Lessons from Legal Showdowns
Procurement Consulting
by Procurement.co
1M ago
In this episode we're delving into a critical aspect of public procurement: how to handle vendor complaints and protests when decisions are made ..read more
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Defects Liability Period - What Is It?
Procurement Consulting
by Procurement.co
1M ago
Public construction contracts play a vital role in infrastructure development and public service delivery. These contracts involve significant investments and require high standards of quality and durability. To ensure accountability and protect the interests of both parties involved, the inclusion of a defects liability period is crucial. This episode explores the significance of the defects liability period in public construction contracts, highlighting its necessity through compelling examples ..read more
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