January 6, 2017
Small businesses should respond to ‘sources sought’ and RFIs
Source: Georgia Tech PTAC, Chuck Schadl, January 4, 2017
The Georgia Tech Procurement Assistance Center (GTPAC) reminds our clients — and especially small businesses — that it’s very important for you to respond to what are known as “Sources Sought” and “Requests for Information” published by federal agencies periodically in FedBizOpps.
When an agency issues a Sources Sought or an RFI, they are trying to identify sources that can fulfill their buying needs and determine whether there is potential for a small business set-aside and obtain other marketplace information for acquisition planning purposes.
“Some vendors may not take the time to respond to a Sources Sought/RFI. Instead, they may focus their efforts on preparation for a bid when the solicitation comes out,” explains Sherry Savage, Program Manager for the Defense Logistics Agency’s Procurement Technical Assistance Program. “For the vendor, however, the Sources Sought/RFI is their chance to influence the acquisition strategy. If capable companies do not respond, the opportunity for a set-aside may be lost.”
Contact your nearest PTAC for assistance with or advice about responding to a particular Sources Sought or RFI,.
For help with Government Contracting: contact your nearest Procurement Technical Assistance Center (PTAC). Funded through Cooperative Agreements between the U.S. Department of Defense and state and local governments/institutions, PTACs provide free and low-cost assistance in virtually all areas of government contracting.