www.summitmagazine.com/Tool_Kit/Procurement_Tips/tip_in -
[Cached Version]
Published on: 7/7/2007
Last Visited: 7/7/2007
Judy Pryce is a private consultant who worked recently with the B.C. Ministry of Employment and Income Assistance using market sounding for employment programming.Market sounding gives you "real feedback from a wide variety of interested parties," said Ms. Pryce.She noted that it is particularly good if the market consists of a limited number of interested parties.
...
"Bottom line," said Ms. Pryce, "it really is the same thing [as an RFI]," except that the focus "is on the deal structure - the commercial aspects of the deal that the marketplace would find attractive."Working with the ministry, she added, "We actually ended up renaming the process as an RFI just before we posted it, because we had a concern it may cause confusion with some players in the market."
Is market sounding a more powerful RFI?You decide: an Adobe Acrobat file with a list of the questions from Partnership BC's market sounding document for the Northern Sport is available by clicking on the link below.
Market Sounding Insert,pdf
Thanks to Sue-Ann Fimrite and Judy Pryce for their assistance with this article.