3.1.1 Supplier Contract Notification

Some jurisdictions require formal notification periods or processes to initiate contracts above a certain value. EU Procurement Regulations for example do not allow advertisements for contracts that are above EU thresholds to appear in any other media before the notice is given to the OJEU (Official Journal of the European Union).

In any event a formal notification period through known channels helps to ensure that value for money is achieved. Formal notice of an upcoming contract maximizes the chances that a sufficient number of competent, financially sound suppliers with adequate capacity to undertake the work will be identified, and that those identified have adequate time to prepare internally for the bidding process.