Formal Competition
Formal competition means the governments formal, rule-oriented
process for procuring goods and services. As practiced until recently,
formal competition, which includes Invitation For Bids (IFB) and
Requests For Proposals (RFP), involved notice of the competition
to the vendor community, a deadline by which to submit bids (in
the case of IFBs) or offers (in the case of RFPs), evaluation
of the bids or offers, and finally source selection. The system
was good at giving interested businesses a shot at getting an
award, but was admittedly slow and contentious.
Nowadays, formal competition is as relevant to government contracting
as formal dancing is to rock n roll music. As the government
has moved away from fixed specifications and specialty items to
commercially available goods and services, the need for large,
formal competitions has faded fast. Even then, on occasion youll
find yourself with a formal, multi-million dollar solicitation
in your hand, so you still need to know about formal competition.
The New Bid Protest and Debriefing Procedures article
covers some of the grounds for filing a protest and how to get
a debriefing if you lose. In Filing a Timely Protest,
the all-important filing deadlines are discussed; miss them at
your peril. And in Bid Protests: What Happens After Filing,
the bid protest process is described.