· Procurement Transaction Preparation
2. Solicitation Preparation
· Procurement Transaction Execution
4. Award Preparation
5. Contract Administration
A graphic representation of the process provides a visualization of the phases and the elements to each phase. The elements as defined in rules and regulations are to support the goal of the efficient and effective use of program funds for the maximum benefit to the users of the services.
For more information on the five phases of a procurement transaction, click here.