Get the free Single Source Statement - fsd1

Este formulario se utiliza para documentar la justificación de una compra sin competencia, indicando que solo existe una fuente para el suministro, servicio o artículo de construcción requerido

How to fill out single source statement

How to fill out Single Source Statement

1. Begin with the header: clearly label the document as 'Single Source Statement'.
2. Provide the date on which the statement is being filled out.
3. Identify the project or program related to the statement.
4. Specify the name of the vendor or entity for which the single-source justification is being requested.
5. Describe the item or service being purchased, including the relevant details.
6. Explain the rationale for selecting a single source, providing specific reasons why other suppliers cannot fulfill the needs.
7. Include any supporting documentation or references that justify the single-source selection.
8. List the anticipated cost or financial details related to the procurement.
9. Sign the document and include the name and title of the person completing the form.

Who needs Single Source Statement?

1. Organizations or departments planning to procure goods or services when only one supplier is available.
2. Procurement officers seeking to justify non-competitive purchasing processes.
3. Managers needing to document reasons for the sole-source acquisition to comply with regulations.
4. Contractors that require formal justification to secure funding for a single-supplier arrangement.

People Also Ask about

What are single sources?

Single sourcing is where a particular supplier is chosen by an organisation, even when other suppliers are available. Sole sourcing is where there is only one supplier available for the required product or service that your organisation needs. It's also sometimes referred to as monopolistic supplier.

What does it mean to be single-sourced?

Single sourcing occurs when a company chooses one supplier to provide all of its products, materials, parts and components, even when there are other suppliers that can provide the same goods. Businesses commonly use single sourcing because it can reduce costs.

How to write a single source justification?

Single sourcing is where a particular supplier is chosen by an organisation, even when other suppliers are available. Sole sourcing is where there is only one supplier available for the required product or service that your organisation needs. It's also sometimes referred to as monopolistic supplier.

What is an example of single sourcing?

Here's an example of how an IT company might use single sourcing:An IT company is developing a new type of technology that hasn't yet entered the market. Since the company is creating an innovative product, the details of its development are confidential. It uses single sourcing for specially developed microchips.

What is a single source item?

Single sourcing is a deliberate choice made by businesses to decide on a particular supplier, even when alternative options are available. This decision may come up for various reasons, such as the buyer's pre-existing relationship with the supplier or the supplier's outstanding reputation and consistent track record.

What is an example of a single source?

Preparing the Sole or Single Source Justification The justification should: Be prepared by someone familiar enough with the requirements to provide the necessary information. Include the signature and title of the preparer. The author should be prepared to substantiate any facts if an audit occurs.

For pdfFiller’s FAQs

What is Single Source Statement?

The Single Source Statement is a document used to disclose the sourcing of goods or services from a sole supplier to ensure compliance with procurement regulations.

Who is required to file Single Source Statement?

Organizations or entities that procure goods or services exclusively from a single source, typically in compliance with public procurement regulations, are required to file a Single Source Statement.

How to fill out Single Source Statement?

To fill out a Single Source Statement, provide details such as the name of the supplier, description of the goods or services, justification for selecting a single source, and any relevant financial information.

What is the purpose of Single Source Statement?

The purpose of the Single Source Statement is to provide transparency and justification for not soliciting bids from multiple suppliers when procuring goods or services exclusively from one supplier.

What information must be reported on Single Source Statement?

The Single Source Statement must report information including but not limited to the supplier's name, description of the goods or services, the reason for selecting a single source, cost estimates, and the potential impact of not obtaining the goods or services.