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Sole Source Justification Nwmissouri Form
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People also ask
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What is the meaning of sole source?
Sole sourcing is an approach where businesses are using only one supplier to procure products or services. It helps cut risks and costs by limiting the number of suppliers to deal with. However, it also means having less choices when the current supplier goes out of business or underperforms.
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What are the criteria for sole source evaluation?
Sole Source. For non-competitive acquisitions, sole source proposals are evaluated for determination of a fair and reasonable price and for analysis of factors such as cost elements, technical and management approach, and adequacy of the terms and conditions of the prospective contract.
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What is a sole source justification?
What is “sole source” justification? Sole source procurement or procurement by noncompetitive proposals is procurement through solicitation of a proposal from only one source. Sole source procurements must adhere to the standards set forth in 2 C.F.R.
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What is an example of a sole source?
Example: A pharmaceutical drug, which is under a multiple year patent and is only sold directly by the manufacturer. Example: A one-of-a-kind oscilloscope that is available from only one source. Example: A supplier that possesses exclusive and/or predominant capabilities.
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What is the justification of sole source?
Justifications for Sole Source Only a particular brand or "make" is compatible with existing equipment or inventory. Only one source is known for a specialized item of equipment or material.
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