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This document serves to justify the need for a sole source procurement of financial consulting services for The Citadel, explaining why no other suppliers can provide comparable services.

How to fill out sole source justification

How to fill out sole source justification

1. Identify the need for the product or service.
2. Research and confirm that the product or service meets the specific requirements.
3. Document the reasons why only one source can fulfill this requirement.
4. Include supporting data, such as market analysis or comparisons with other sources.
5. Fill out the sole source justification form with all collected information.
6. Obtain necessary approvals from relevant authorities or stakeholders.
7. Submit the completed justification for review and processing.

Who needs sole source justification?

1. Procurement officers who are responsible for acquiring goods and services.
2. Contract managers who oversee contracts and vendor relationships.
3. Program managers who require specific products or services for their projects.
4. Financial officers who need to justify expenditures without competitive bids.

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What is sole source justification?

Sole source justification is a documented explanation that supports the decision to procure goods or services from a single supplier without competitive bidding, often due to the unique nature of the product or service.

Who is required to file sole source justification?

Generally, the contracting officer or the authorized official responsible for procurement within an organization is required to file sole source justification.

How to fill out sole source justification?

To fill out sole source justification, you must provide details such as the reasons for selecting the sole source, descriptions of the goods/services, the supplier's qualifications, any market research conducted, and an explanation of why competition is not feasible.

What is the purpose of sole source justification?

The purpose of sole source justification is to ensure transparency and accountability in the procurement process, demonstrating that the decision to bypass competitive bidding is justified and in the best interest of the organization.

What information must be reported on sole source justification?

Information that must be reported includes the specific need, the justification for the sole source selection, a description of the goods or services, the chosen vendor's qualifications, and any other relevant data that supports the sole source decision.