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Policy

Competitive Solicitations Policy

Adopt a structured, consistent approach to competitive purchasing with this sample policy you can tailor to your organization.

A well-written policy is the foundation for running fair, cost-effective, and compliant competitive procurements. But starting from scratch can be time-consuming. This sample policy gives you a customizable starting point to help standardize how you solicit goods and services—while promoting consistency, reducing risk, and improving value.

Use This Policy To:
  • Define when competitive solicitations are required based on dollar thresholds
  • Outline expectations for bids, pricing comparisons, and vendor diversity
  • Clarify how to manage exceptions and policy deviations
  • Establish roles and responsibilities across business units and procurement
  • Strengthen governance and internal controls over procurement activity
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