
Get the free Single/Sole-Source Justification - Division of Financial Services - procurement umich
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SOLE SOURCE JUSTIFICATION FORM Overview: This form provides a standard way to document single or sole source justifications for purchases that are above the UM Procurement formal bid threshold ($50,000),
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How to fill out singlesole-source justification - division

How to fill out singlesole-source justification - division
01
Start by clearly defining the requirement or need for the product or service.
02
Conduct market research to identify potential suppliers and their capabilities.
03
Evaluate the cost and benefits of going with a single sole-source supplier.
04
Document the justification for selecting a single sole-source supplier over other options.
05
Obtain necessary approvals from relevant stakeholders and decision-makers.
Who needs singlesole-source justification - division?
01
Government agencies or departments that have specific requirements or preferences for a particular supplier.
02
Organizations that have established relationships or contracts with a single supplier for a particular product or service.
03
Companies that require specialized or proprietary products that can only be provided by a single sole-source supplier.
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What is singlesole-source justification - division?
Single sole-source justification - division is the process of justifying the selection of a single vendor or supplier for a particular purchase or contract.
Who is required to file singlesole-source justification - division?
The department or individual responsible for procurement is required to file the singlesole-source justification - division.
How to fill out singlesole-source justification - division?
To fill out singlesole-source justification - division, the requester must provide detailed reasons why the selected vendor is the only viable option for the purchase or contract.
What is the purpose of singlesole-source justification - division?
The purpose of singlesole-source justification - division is to ensure transparency and accountability in the procurement process by justifying why a single vendor is chosen over others.
What information must be reported on singlesole-source justification - division?
The singlesole-source justification - division must include detailed reasoning for the selection of a single vendor, potential conflicts of interest, and any attempts made to find alternative vendors.
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