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SOLE SOURCE JUSTIFICATION FORM SOLE SOURCE SUMMARY: Sole Source Procurement are allowed by the Procurement Code when: There is only one Good or Service that will meet the need of the State AND There

How to fill out sole source justification bformb

How to fill out sole source justification form:

1. Begin by providing your personal information. Include your name, contact details, and any relevant identification numbers.
2. Indicate the purpose of the purchase requiring the sole source justification. Specify the goods or services you are seeking and explain why they are necessary.
3. Justify why the purchase cannot be sourced from multiple vendors or through a competitive bidding process. Provide a detailed explanation of the unique qualities or capabilities of the desired vendor that make them the sole suitable option.
4. State the estimated cost of the purchase and provide supporting documentation if required. This may include price quotes or invoices from the vendor. Remember to include any additional costs such as shipping, installation, or maintenance.
5. Describe any potential risks or consequences of not proceeding with the purchase. Highlight any negative impacts on productivity, efficiency, or safety if the sole source justification is not approved.

Who needs sole source justification form:

1. Organizations or businesses seeking to make non-competitive purchases may require sole source justification. This could apply to government agencies, educational institutions, or any entity that needs to procure goods or services without a competitive bidding process.
2. Companies looking to purchase highly specialized or unique products may also need to submit a sole source justification form. This is because there may be limited or exclusive suppliers for such items.
3. In cases where time is of the essence, and a competitive bidding process would cause delays or hinder project deadlines, sole source justification may be necessary.

Remember to consult your organization's guidelines or procurement policies to determine if you require a sole source justification form and ensure that you provide all the necessary information to support your request.

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What is sole source justification bformb?

Sole source justification bformb is a document that explains why a particular product or service can only be obtained from a single supplier.

Who is required to file sole source justification bformb?

Any department or individual within an organization that wants to purchase goods or services from a single source is required to file sole source justification form.

How to fill out sole source justification bformb?

To fill out sole source justification form, provide a detailed explanation of why the product or service can only be obtained from a single supplier, include pricing information and any relevant documentation.

What is the purpose of sole source justification bformb?

The purpose of sole source justification form is to ensure transparency and accountability in procurement processes by documenting the reasons for selecting a single supplier.

What information must be reported on sole source justification bformb?

Information such as the reason for selecting a single supplier, pricing details, relevant documentation supporting the sole source decision must be reported on the form.