Conducting Market Engagement

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Presentation transcript:

Conducting Market Engagement Negotiate Agreements Implementation planning Review Responses & Supplier Short list Issue & Track RFI/RFP Draft RFI/ITO Define requirements ~ 1 - 2 weeks 1 - 4 weeks 2 - 4 weeks ~2 weeks Engage Procurement Define Requirements in Scope of Work Determine Sourcing Strategy Build RFI/ITO Develop Evaluation Matrix Stakeholder signoff of RFI/RFP & Evaluation Respond to Queries Manage Receipt of RFI/ITO Responses Issue RFI/RFP Review and Evaluate Responses Shortlist Respondents Recommendation & Stakeholder Signoff Advise Respondents of Outcome Market Analysis Ongoing Vendor Management The above diagram provides an indication of the timeframe to undertake a market engagement exercise (tender). Procurement will manage Stakeholder Engagement throughout each phase. The process is designed to ensure the University’s requirements are explored to make an informed decision.