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Sole Source JustificationDate: This form should accompany your purchase requisition when sole source approval is requested for equipment, material, supplies and services exceeding $1,000. Please check
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How to fill out sole source justificationdate

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How to fill out sole source justificationdate

01
To fill out sole source justification, follow these steps:
02
Start by clearly identifying the product or service that needs to be procured.
03
Explain why this product or service cannot be obtained from any other source.
04
Provide a detailed description of the unique features or benefits that make this product or service superior to any alternatives.
05
Include any relevant market research or documentation that supports the sole source justification.
06
Clearly state the estimated cost of the product or service and provide a breakdown of the expenses.
07
Finally, review the justification for accuracy and completeness before submitting it for approval.

Who needs sole source justificationdate?

01
Sole source justification is needed by procurement officers or departments responsible for making purchasing decisions.
02
It is required when there is only one authorized supplier or vendor for a specific product or service.
03
Government agencies, educational institutions, and private organizations may all require sole source justification when there are no competitive alternatives for procurement.

What is Sole Source JustificationDate: - treasurer cua Form?

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Sole source justification date is the date on which the reasoning for selecting a sole source vendor is documented.
Any entity using a sole source procurement method is required to file sole source justification date.
Sole source justification date can be filled out by providing details on why a sole source vendor was chosen, including their unique qualifications or services.
The purpose of sole source justification date is to ensure transparency and accountability in the procurement process.
Information such as the name of the sole source vendor, reasons for selecting them, and any relevant certifications or qualifications must be reported on sole source justification date.
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