Vendor Management and Selection Policy
Because vendors supply the organization with critical supplies, goods, products, services and maintenance, and because these components possess a direct material impact on the organization’s success, all organization employees and representatives are subject to the vendor management and selection policy. The policy applies to all organization requests for proposals, bids, contracts, purchases and orders of goods and services.
The vendor management and selection policy from TechRepublic Premium describes the processes and procedures the organization’s employees and representatives must practice when issuing requests for and receiving product and service cost estimates, when awarding bids and when selecting consultants, suppliers and vendors of goods and services.
From the policy:
Organization employees and representatives must receive three competing estimates from three separate, independent companies when awarding service contracts for purchasing goods whenever the total expense exceeds $5,000.00. No information from a participating company’s competitive bid or competing quote — including the names of other participating companies, proposals and pricing — may be shared with any other firm either during the bidding process or after a bid is awarded or goods are purchased.
The download comprises an eight-page PDF and Word document.
Previously priced at $99, this is now available to download for $9. Or free with a Premium annual subscription: click here to find out more.
TIME SAVED: It took 12 hours of writing, editing and research to create this content.
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