Vendor benches, job order contracting, IDIQ contracts, and similar approaches to pre-qualifying vendors can help governments procure goods and services or deliver major projects more effectively. Each of these innovative methods comes with special considerations procurement teams should assess and plan for when using this type of contracting.
In this How-To Guide, you’ll learn what distinguishes solicitations that use pre-qualification from other procurement types, how to determine when you should (or shouldn’t) create a pool of vendors, how to best prequalify vendors, and how to manage these contracts and allocate work fairly among your pool of vendors.