Negotiated Procedure
When it comes to procurement, there are a few key procedures that need to be understood in order to have a successful process. The first of these is the negotiated procedure.
The negotiated procedure is a type of public procurement procedure where the contracting authority sends out invitations to potential suppliers who they then hold negotiations with in order to come to an agreement on the terms of the contract. This type of procedure can be used for both goods and services contracts.
There are a few benefits to using this type of procurement procedure. Firstly, it allows for flexibility in the negotiation process which can lead to better terms for both parties involved. Secondly, it can help build relationships between the contracting authority and potential suppliers, which can be beneficial for future procurements. Finally, it can be used as a way to encourage competition between potential suppliers.
However, there are also some drawbacks to using this type of procurement procedure. Firstly, it can take up a lot of time and resources from both the contracting authority and potential suppliers. Secondly, there is always the risk that no agreement will be reached during negotiations, which would then mean starting the procurement process from scratch.