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Preparing the Sole or Single Source Justification The justification should: Be prepared by someone familiar enough with the requirements to provide the necessary information. Include the signature and title of the preparer. The author should be prepared to substantiate any facts if an audit occurs.
What is the difference between sole source and single source justification?
In single sourcing, businesses have the option to choose from multiple suppliers while in sole sourcing there is one monopolistic supplier. It is the decision of businesses and their procurement teams to pick the appropriate sourcing strategy based on their needs and circumstances.
How do you justify a sole source price?
A sole source purchase is a method of acquisition. It is not to be used to avoid competition. A sole source justification is required for every purchase over the direct buy limit ($10,000) unless the purchase is being competitively solicited.
What does single source justification mean?
Single Source Purchase Justification Definition: A Single Source procurement is one in which two or more vendors can supply the commodity, technology and /or perform the services required by an agency, but the department selects one vendor over the others.
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5153.303-5 Format for a justification and approval for other
This format is mandatory for all justifications and approvals (JAs) in support In single source situations, address efforts by the Government to assure
Purchases greater than $10,000 require three competitive quotes or a sourcing/cost justification approved by the individual authorized to approve purchases
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