The complete sequence of activities involved in planning, awarding, managing, and closing a contract. The contracting process typically includes identifying the requirement, developing the procurement strategy, preparing solicitation documents, conducting the procurement, evaluating bids or proposals, awarding the contract, managing contract performance, implementing any approved modifications, and completing or terminating the contract. An effective contracting process helps ensure legal compliance, transparency, value for money, effective supplier relationships, and the successful delivery of goods, services, or works throughout the contract lifecycle.
Contracting Process
The full sequence of activities in planning, awarding, managing, and closing a contract.
Useful Links
Related articles
BD, capture and proposal alignment is something most organizations believe they already have, until a deadline exposes where it breaks. At WPS, a Health Solutions Company, the three functions were moving in parallel but not in sync, and the cost was showing up long before anyone started writing.
Casual drinks with the people who win federal business. Alongside AFCEA LA Space Industry Days.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
See how VisibleThread transforms
t your RFP process.
t your RFP process.