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
