Proposal Development

Sources Sought

A Sources Sought Notice is a government market research tool to determine if there are two (2) or more capable businesses or Small Businesses that can perform the requirements of a planned contract.  It is not a Request for Proposal (RFP) or Invitation for Bid (IFB). It’s used by the government in developing Acquisition Strategies.

The purpose of a Sources Sought:

  • Access the market’s capability
  • Determine acquisition strategy
  • Small Business goal attainment

The government is required in certain instances to “set-aside” a certain percentage of their procurements to small businesses. Sometimes the solicitation will specify explicitly that they are looking only for small businesses (or HUBZone, …) to respond. (Even if it doesn’t say “only small businesses” it means only small businesses.)  

AcqLinks and References:

Updated: 7/27/2017

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