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Consider the pros and cons of performance bonds as they may not be appropriate for all types of procurements.

Project stakeholders should consider the advantages and disadvantages of requiring performance bonds and other risk mitigation requirements such as bid bonds (1) because they may not be appropriate…
Content type
Date Posted
01/11/2006

Consider issuing separate awards for specific project components when procuring divergent technologies, equipment, or services.

In some cases, it may be advantageous for two or more agencies to partner when procuring similar technologies or equipment. For example, multiple agencies procuring mobile data terminals (MDTs) for…
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Date Posted
01/11/2006

Exercise careful planning in preparation for issuing an RFP to help mitigate cost, schedule, and performance risks.

To the extent possible, procuring agencies should conduct due diligence when issuing an RFP to help mitigate cost, schedule, and performance risks. Actions that can be taken at the pre-bid phase…
Content type
Date Posted
01/11/2006