The next step is to form a procurement group. In addition to identifying partners, reassessing participant needs, and formalizing the group and its governance structure, it is important for potential partners to also establish trust and strong working relationships with each other in this step. This will, collectively, lay the groundwork for a smoother transaction process in the subsequent stages.
PROCUREMENT GUIDANCE MENU
Form a Procurement Group
Estimated Time to Complete
3 – 9 months
The video below introduces key considerations on forming a procurement group.