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Bids, Requests for Procurement and Awards

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Bids/Quotes
Bids/ Quotes for any LFCC solicitation can be submitted by any registered eVA vendor.
Quick Quote
Once a procurement passes the $5,000 threshold, the requirement is no longer considered a small purchase and must be solicited via the Quick Quote process. The Quick Quote is an automated process done within the eVA system where concise specifications for the goods or service are outlined, and the solicitation is issued electronically to all viable eVA vendors that have registered for the commodity code that is attached to the particular solicitation. Once the Quick Quote has closed, the Purchasing Officer evaluates the bids and determines the winning vendor based on acceptability of the good or service offered and pricing.
IFBs
Invitation for Bid (IFB) is used when the requirement for the good or service can be accurately and completely described. Bids are evaluated on the vendor meeting the specific requirements and at the lowest cost to the College. All IFBs are processed within eVA and vendors receive notification that an IFB has been posted for consideration. An example of an IFB would be the printing of the LFCC Catalog, where the quantity and quality for the printing can be easily and specifically described to the potential vendors.
RFPs
Request for Procurement describes in general terms the requirement for the good or service. These solicitations contain the standard terms and conditions, as well as any special terms and conditions that are deemed necessary for the solicitation. Evaluation factors are outlined within the solicitation. These types of procurements allow for negotiations between the buyer and seller to obtain the best contract. RFPs are issued within the eVA system and vendors are notified that a solicitation has been posted for consideration.
 
Last modified: 2008-10-16 11:03:02