The Procurement Process
Shown below are the basic stages of a procurement process. Each stage requires careful management to ensure that it does not have to be repeated causing a delay to the decision and the project.
Premium Technology Inc. provides proven practices and templates to support every stage of the process thus enabling a successful and timely decision-making process.
Issue Request for Information
Select candidates for RFP
Issue Request for Proposal
Evaluate proposals and create Shortlist
Evaluate Shortlist and select best-value proposition
Negotiate and contract with winning proponent
The Stages of a Procurement Process