May 4, 2018
Authorities routinely purchase products and services from a wide variety of vendors and suppliers. This ranges from professional services such as engineering and auditing, to equipment, consumables, and construction. In general, anything purchased by a public agency must be done transparently in an equitable environment that demonstrates wise spending of rate payers’ dollars. Most people understand that solicitations must be “publicly advertised” and/or “competitively bid,” which reinforces the idea of transparency to the public and promotes healthy competition between vendors. But…do you know the differences between solicitation types – IFBs, RFPs, RFIs and RFQs?
Read the full article – The Authority magazine, April, 2018.