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How to use or fill out SINGLE-SOURCING JUSTIFICATION APPROVAL FORM with our platform
- Click ‘Get Form’ to open the SINGLE-SOURCING JUSTIFICATION APPROVAL FORM in the editor.
- Begin by filling out the first section, detailing the goods or services you plan to purchase and their necessity. This provides context for your request.
- Next, specify the supplier you wish to engage with and indicate the total cost excluding VAT. This is crucial for budgetary considerations.
- In the funding section, clarify where the funds are coming from, such as college service funds or a research body.
- Explain why single-sourcing is necessary for this purchase. Be specific about any constraints that prevent competitive sourcing.
- Attach any relevant documents like quotations or business cases using our platform’s attachment feature.
- Complete your details including name, position, and contact information before arranging for approvers to review your submission.
- If applicable, ensure that approvers sign off on the form based on the specified thresholds for authorization.
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| Versions | Form popularity | Fillable & printable |
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| 2017 | 4.4 Satisfied (55 Votes) |
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What is single source approval?
Sole Source Justification Content (FAR 6.303-2) As a minimum, each justification shall include the following information: Identification of the agency and the contracting activity, and specific identification of the document as a Justification for other than full and open competition.
What is the far justification for sole source?
This form records the justification and authorization to approve a Single Source of Supply and should accompany the requisition send to Procurement. Requestors submitting the purchase request via easyProcurement (eP) / Ariba SmartBuy or SAP can attach this signed form to purchase requests.
What is an example of single sourcing?
Single sourcing, a powerful approach in a stable environment, can amplify a firms exposure to risk (e.g., suppliers default) in the presence of uncertainty. Multiple sourcing, however, presents higher costs due to the management of more than one supplier.
How to justify single source procurement?
Single sourcing is where a particular supplier is chosen by an organisation, even when other suppliers are available. Sole sourcing is where there is only one supplier available for the required product or service that your organisation needs. Its also sometimes referred to as monopolistic supplier.
What is an example of a single source?
The company selects only one among the suppliers who can provide what they need. For example, if your company chooses to buy Samsung laptops instead of any other brands that also sell laptops, then that is single-sourcing. The company may choose based on what it thinks it needs.
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