Procurement 101
Procures for Business & Revenue, Economic & Community Affairs, Finance, Human Resources, Innovation & Experience, Legal and Operations
Who is Meghan Graham?
The threshold before a purchase must go to City Council for approval.
What is $0-$499,999?
Meeting of procurement agents/representatives and contractors who are bidding on an open opportunity, before the bid is actually due
What is Pre-Bid Meeting?
Sealed bid; made to lowest, responsive, responsible bidder
What is an Invitation to Bid (ITB)?
Participation goal where a percentage of the contract is targeted for certified firms.
What are CBI/DBE goal?
Award made without competition to only contractor(s) who can supply goods and services
What is sole source award?
National Procurement Month
What is March?
Process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process
What is Procurement?
Purchasing off contract of another entity who has acquired contract rights in excess of its needs
What is piggybacking?
Proposals solicited for services; award made to most advantageous firm
What is a Request for Proposals (RFP)?
Process where the bidders/contractors are allowed to inspect bids
What is public bid opening?
Formal or official change made to a contract.
What is an amendment?
Services procured using qualifications-based process
What are Architectural & Engineering Services?
A person or company offering something for sale
What is a vendor?
Must seek multiple quotes, PO required, Contract recommended
What is an Informal Solicitation?