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What is the difference between single source and sole 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 justification?

Additional Examples of Sole Source Justifications Manufacturer markets on a direct basis only. Used or demonstration equipment available at a lower than new cost. Item sold through manufacturer or importer only, and there is no comparable unit made that end user is aware of. Component for existing piece of equipment.

What is a sole source purchase order?

A sole source purchase is one where there is only one vendor capable of providing an item or service, and therefore it is not possible to obtain competitive bids.

What is the difference between sole source and non sole source?

A sole-source report is the only evidence that an event has occurred. Whereas, a non-sole source report is information obtained from a source, other than the ASAP report, to prove that a violation of the FARs has occurred.

How do you justify sole source procurement?

The sole source justification should document the good faith effort made in searching for other suppliers, include a list of the unique technical specifications required of the product, and the companies that were contacted in the search for alternate sources.

What is an example of sole sourcing?

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.

What is a sole source purchase?

A sole source purchase means that only one supplier (source), to the best of the requesters knowledge and belief, based upon thorough research, (i.e. conducting a market survey), is capable of delivering the required product or service.

What is the purpose of a sole source letter?

Sole or Single Source Documentation Requirements The justification must demonstrate that only one company can provide goods or perform services. These requirements apply to all funding sources: state, Research Foundation or UB Foundation. State-funded purchases of $50,000 and over require additional information.

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What is the difference between single source and sole source procurement?

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What is an example of sole sourcing?

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