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EXCLUSIVE ACQUISITION JUSTIFICATION FORM (For Noncompetitive Purchases Over $15,000) The competitive bidding process is the foundation of government purchasing. In rare situations though, due to the

How to fill out exclusive acquisition justification form

1. Start by providing your personal information in the form, such as your name, contact details, and position/title within the organization.
2. Specify the purpose of the acquisition by clearly stating the reason why you need to acquire a particular product or service exclusively.
3. Provide a detailed description of the product or service you intend to acquire, including its specifications, features, and benefits.
4. Explain why it is necessary to acquire the product or service exclusively, highlighting any unique characteristics or advantages it offers compared to other options available in the market.
5. Justify the cost of the acquisition by outlining the budgetary considerations, such as the availability of funds and the expected return on investment.
6. Mention any special circumstances or time-sensitive factors that require the immediate acquisition of the product or service.
7. Provide any supporting documentation or evidence, such as market research, expert opinions, or quotes from suppliers, to strengthen your justification for exclusive acquisition.
8. Sign and date the form, and ensure that it is submitted to the relevant department or authority within your organization for further processing.

Who needs exclusive acquisition justification form?

1. Employees or representatives of an organization who are responsible for acquiring products or services on behalf of the organization.
2. Procurement or purchasing departments within an organization.
3. Organizations or departments that have specific procurement guidelines or regulations in place, requiring justification for exclusive acquisitions.

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What is exclusive acquisition justification form?

Exclusive acquisition justification form is a document that outlines the reasons why an organization believes a particular acquisition is necessary and should be exclusive to them.

Who is required to file exclusive acquisition justification form?

Any organization seeking to acquire a particular asset or resource exclusively must file the exclusive acquisition justification form.

How to fill out exclusive acquisition justification form?

The form should be filled out by providing detailed explanations and justifications for why the acquisition should be exclusive, along with any supporting documentation.

What is the purpose of exclusive acquisition justification form?

The purpose of the exclusive acquisition justification form is to ensure transparency and fairness in the acquisition process, by requiring organizations to clearly outline their reasons for seeking exclusivity.

What information must be reported on exclusive acquisition justification form?

The form must include detailed explanations of why the acquisition should be exclusive, any potential benefits or advantages of exclusivity, and any potential impact on competition or other stakeholders.