Which sourcing approach would be the most appropriate?
A local council requires facilities management services for ten schools based in their region. This service is a high-spend, high-risk, critical contract.
Which sourcing approach would be the most appropriate?
A . Request for quotation
B . Competitive tendering
C . Statement of source requirements
D . Direct negotiation
Answer: B
Explanation:
Competitive tendering is the most suitable approach for high-risk, high-value contracts as it ensures transparency, fairness, and the selection of the most capable supplier based on predefined criteria.
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