What is source selection in project management?

What is meant by source selection?

Source Selection generally refers to the process of evaluating a competitive bid or proposal to enter into a Government procurement contract.

What is the purpose of source selection?

According to Federal Acquisition Regulation (FAR) 15.3, source selection is the “selection of a source or sources in competitive negotiated acquisitions … The objective of source selection is to select the proposal that represents the best value” [1].

What is involved in source selection?

Evaluators should be informed that source selection information includes: 1) proposed costs or prices; 2) source selection plans; 3) technical evaluation plans; 4) technical evaluation of proposals; 5) cost or price evaluation of proposals; 6) competitive range determinations; 7) ranking of bids, proposals, or …

What are the methods of source selection?

Source selection is the process by which contractors are selected. There are three primary methods of source selection: (1) competitive bidding, (2) non-competitive negotiation, and (3) competitive negotiation.

What is a formal source selection?

15.612 Formal source selection.

A source selection proc- ess is considered formal when a specific evaluation group structure is estab- lished to evaluate proposals and select the source for contract award.

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What is source selection in acquisition?

Source selection refers to the decision process used to achieve best value, that is, the expected outcome of an acquisition that in the Government’s estimation provides the greatest overall benefit in response to a requirement.

What required sources has priority for services?

The priority for required sources of supplies is: Agency inventories, excess from other agencies, Federal Prison Industries, Committee for Purchase from People Who are Blind or Severely Disabled, governmental wholesale supply sources, commercial sources.

What is the key role of the COR in acquisition planning?

A COR’s role in the acquisition process is to advise the contracting officer on technical matters involved in the contract. This is important as most Contracting Officers are not well versed in the technology or science behind the work being procured.

What value source selection is best?

Best value source selection refers to the practice of awarding a contract based on the value of the services that the Federal government will receive from the awarded contractor. This may, at first glance, seem similar to the common procedure of awarding contracts to the lowest responsive bidder.

Who are the key players in the source selection process?

Key members of the SST—such as the SSA, SSAC Chairperson, SSEB Chairperson, functional leads, and the PCO— should have source selection experience in high dollar, complex acquisitions.

What are the 3 typical selection methods for bids?

The three selection methods used to buy construction are low-bid selection, best-value selection, and qualifications-based selection. The solicitation instrument used for low-bid selection is the invitation for bids (or advertisement for bids).

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