10- Project Procurement Management - Ver 1.0.pptVIP

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Project Procurement Management – Request Seller Responses Outputs: Qualified Sellers List - The qualified sellers list are those sellers who are asked to submit a proposal or quotation Procurement Document Package - The procurement document package is a buyer-prepared formal request sent to each seller and is the basis upon which a seller prepares a bid for the requested products, services, or results that are defined and described in the procurement documentation. Proposals- Proposals are seller-prepared documents that describe the seller’s ability and willingness to provide the requested products, services, or results described in the procurement documentation. Proposals are prepared in accordance with the requirements of the relevant procurement documents and reflect the application of applicable contract principles. The seller’s proposal constitutes a formal and legal offer in response to a buyer’s request. After a proposal is formally submitted, the buyer sometimes requests the seller to supplement its proposals with an oral presentation (meant to provide additional information with respect to the seller’s proposed staff, management proposal, and technical proposal, which can be used by the buyer in evaluating the seller’s proposal. * Project Procurement Management – Request Seller Responses * Project Procurement Management – Select Sellers The Select Sellers process receives bids or proposals and applies evaluation criteria, as applicable, to select one or more sellers who are both qualified and acceptable as a seller. Many factors such as the following can be evaluated in the seller selection decision process: Price or cost can be the primary determinant for an off-the-shelf item, but the lowest proposed price may not be the lowest cost if the seller proves unable to deliver the products, services, or results in a timely manner. Proposals are often se