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The Procurement Process

7 Produce Requirement

Procurement Principals
0 Procurement Principals 1 Project start-up 2 Risk Allocation Model 3 Business Case 4 Procurement Strategy 5 Market Assessment 6 Market Creation 7 Produce Requirement 8 Supplier Selection 9 Proposal Evaluation 10 Contract Preparation 11 Bid Evaluation 12 Award 13 Project Closure 14 Implementation / Transition 15 Contract Management
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You are on step 6 of 8 steps.

Click for slide: Refine the business requirements Click for slide: Define the detailed scope Click for slide: Gather information Click for slide: Produce requirement specification Click for slide: Consider business implications Click for slide: Revisit budgetary estimates Click for slide: Develop Evaluation Plan and Model Click for slide: Review and sign-off
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What you need to do

Costs will need to be reasonably well defined - enough to be able to make an informed assessment of the proposed budgets from suppliers ('should cost' model of whole life costs, which may vary depending on suppliers' pricing models)

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