Procurement Lifecycle

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
  • Technical Specifications
  • Award Criteria
  • Contract Performance Clauses
• 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).