Cooperative Procurement Definition
In the public sector, cooperative procurement is defined as a process where two or more public agencies work together to procure goods or services. This type of procurement is often used to obtain better pricing or terms and conditions from suppliers, or to pool resources in order to increase buying power.
There are many benefits to using cooperative procurement, including increased competition, improved quality, and reduced costs. In addition, cooperative procurement can help public agencies build relationships and share best practices.
If your agency is interested in pursuing cooperative procurement, there are a few things to keep in mind. First, you will need to identify potential partner agencies. Second, you will need to develop a Memorandum of Understanding (MOU) that outlines the roles and responsibilities of each agency involved. Finally, you will need to solicit bids from vendors and select a supplier.
Cooperative procurement can be a great way for public agencies to save money and improve quality. If your agency is considering this option, be sure to follow the steps outlined above.
