Competitive procurement is an inherently risky activity. In the public sector, owners calling for bids for goods or services often face difficult and stressful award decisions. On top of worrying about meeting project budgets and program delivery dates, satisfying end users, and achieving high quality and performance, owners have to be mindful of the ever-present threat of the multi-million dollar lawsuit from a disgruntled unsuccessful bidder. One misstep in the handling of the procurement process can have huge financial and political consequences, often following years of expensive and uncertain litigation.
Download the PDF to read the complete article.