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PROPOSER DUE DILIGENCE REVIEW FOR NEW CONTRACTORS In accordance with the Request for Proposals (RFP) competitive procurement process, applicants shall submit for review, acceptable documentation demonstrating
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Proposer due diligence review is a process of evaluating the background, qualifications, and financial stability of a potential proposer before entering into a business agreement.
The party requesting the proposal or the entity responsible for making the final decision on the proposal is required to file proposer due diligence review.
Properly completing proposer due diligence review involves gathering necessary information, conducting thorough research, and accurately documenting the findings.
The purpose of proposer due diligence review is to mitigate risks, ensure compliance with regulations, and make informed decisions when selecting a potential proposer.
Proposer due diligence review typically includes information such as financial statements, legal history, references, and any conflicts of interest.
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