Source Selection Process in the Acquisition Process in Contracting
Source Selection Process in the Acquisition Process in Contracting
Introduction
Source selection process generally refers to the act that establishes the basic rules that contains the minimum and maximum limits to be observed by public sector entities within the criteria of rationality and transparency in contracting and procurement processes for goods, services or works and regulates obligations and rights arising thereof. The term "source selection" is used for referring to acquisitions awarded according to Federal Acquisition Regulation Parts 13 (Simplified Acquisition), 14 (Sealed Bidding), or 15 (Contracting by Negotiation).