Procurement Lifecycle
From Open Risk Manual
Definition
Procurement Lifecycle refers to the distinct phases of the Procurement process.
Procurement Stages
A typical Lifecycle is arranged as follows:
- Planning
- Pre-procurement activities
- Deciding on the Procurement Procedure
- Defining the subject of the contract (Subject Matter)
- Contract
- Competition (Tendering) Process
- Selection/exclusion of bidders.
- Contract Management
Notes
The EU 2014 Procurement Directives allow contracting authorities to both:
- exclude companies from tendering for not meeting certain conditions (Exclusion Criteria); and
- select the most suitable companies to bid based on technical ability and previous experience in relation to the subject matter of the contract (Procurement Selection Criteria).
