Sole source acquisition refers to a procurement process where a government agency enters into a contract with only one supplier for goods or services. This typically occurs when the agency determines that there is only one qualified source available to meet its needs, making it unnecessary to solicit bids from multiple vendors.
This term is primarily used in the context of government contracting and procurement law. Sole source acquisitions are common in various areas, including defense contracting, healthcare services, and specialized equipment procurement. Agencies may utilize legal templates from US Legal Forms to navigate the sole source acquisition process effectively.
Here are a couple of examples of abatement:
Example 1: A government agency needs a specific type of medical equipment that is only manufactured by one company. The agency conducts a sole source acquisition to procure this equipment.
Example 2: A federal department requires specialized software that only one vendor can provide due to proprietary technology. The agency enters into a sole source contract with that vendor. (hypothetical example)
Key regulations governing sole source acquisitions include:
Examples of state differences (not exhaustive):
| State | Key Differences |
|---|---|
| California | Requires additional justification and public notice for sole source contracts over a certain amount. |
| Texas | Allows for sole source acquisitions under specific conditions, often requiring a competitive analysis. |
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
| Term | Definition | Key Differences |
|---|---|---|
| Sole Source Acquisition | A contract awarded to one supplier without competitive bidding. | Used when only one source is available. |
| Competitive Bidding | A procurement process where multiple suppliers submit proposals. | Involves competition among multiple suppliers. |
| Emergency Procurement | A process used to quickly acquire goods or services in urgent situations. | Focuses on urgency rather than supplier exclusivity. |
If you are involved in a sole source acquisition, ensure you clearly document the reasons for this approach. Consider using US Legal Forms to access templates that can help you draft necessary documents. If the situation is complex, consulting with a legal professional may be advisable.
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A sole source acquisition is a contract awarded to one supplier without competitive bidding, based on the determination that only one source can meet the agency's needs.