The basic idea of a procurement contest — sometimes called a prize or challenge — is to set out a performance requirement for a capability that needs development work and offer a prize, usually money, for the first or best entity to produce a product or capability meeting the requirement. from the Contracting Education Academy […]
Procurement Insights 
Are procurement contests just another way for government to pass the innovation buck to a preferred outside vendor?
August 30, 2011
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The basic idea of a procurement contest — sometimes called a prize or challenge — is to set out a performance requirement for a capability that needs development work and offer a prize, usually money, for the first or best entity to produce a product or capability meeting the requirement. from the Contracting Education Academy […]