How to get support with PFI and PPP contract management

What are PFI and PPP contracts? Private Finance Initiative (PFI) is a procurement method where the private sector finances, designs, builds, and maintains public infrastructure (like hospitals, schools, and roads) through long-term contracts. Public-Private Partnership (PPP) is a long-term contract between a government entity and a private company for the delivery and funding of public […]

How to evaluate bids in procurement

Many procurements involve a bid process, such as further competition or award with competition, where suppliers bid for a buyer’s business by submitting tenders. Tenders, also known as bids, are formal, written offers to the buyer’s request for goods or services. The buyer then evaluates the bids to choose a winner in a fair and […]

What is a Dynamic Purchasing System?

What is a Dynamic Purchasing System in procurement? A Dynamic Purchasing System (DPS) is a type of commercial agreement that operates through an online marketplace. DPSs offer customers a quick, easy and flexible way to buy commonly used goods and services. Public sector buyers can procure from a list of pre-approved suppliers. They also benefit […]