Negotiated Procurement

Negotiated procurement is a method where a buyer and one or more suppliers directly discuss and agree on terms for a purchase, rather than going through a formal bidding process. This approach is often used when projects require specialized knowledge, urgent needs, or when there are few qualified suppliers. It allows both parties to negotiate prices, specifications, and delivery conditions to reach a mutually acceptable agreement. While it can save time and provide flexibility, it requires transparency and fairness to ensure the process benefits the organization and maintains integrity.