PME (Pre-Market Engagement)

Pre-Market Engagement (PME) is a proactive approach in the procurement process that seeks to engage market participants prior to entering into formal tender activities. PME enables procurers to gain a better understanding of the current state of the market, better inform their procurement strategies, and enhance supplier engagement to meet needs more effectively. Through careful pre-market planning and analysis, stakeholders can develop an in-depth understanding of the technical and commercial capabilities of competing vendors, resulting in increased competition and contract execution at the best possible value.