Although procuring organisations often choose to procure through competition, there are situations where there is a need for a procuring organisation to procure from one supplier from the outset, without the competitive bidder down-selection – a Single Source procurement.
Aside from the obvious increased vulnerability and risk as a result of dependence on a single supplier, Single Source procurement brings with it a specific set of considerations:
- In the absence of competition, what can a procuring organisation do to ensure that it receives what it needs at a reasonable price?
- What can it do to replace competitive pressure and evidence that its procurement meets Value for Money (VfM) aspirations?
In this paper, we explore:
- Why Single Source
- Advantages of Single Source
- What is said about Single Source?
- Analysis of Competition vs Single Source
- Challenges of Single Source Procurement
