NEG (Negotiated)

NEG (Negotiated) in procurement is the process of obtaining goods and services through a voluntary agreement between a buyer and seller. This process involves the buyer and seller discussing and reaching an agreement on key elements such as speed, price, quality, delivery, and service terms. The purpose of a negotiated procurement is to develop innovative solutions that benefit both parties while offering the greatest value for money. The goal is to ensure that the buyer’s needs are met at optimal cost and with superior customer service.