Before awarding a 24×7 security-monitoring contract, a city require…

Question

Before awarding a 24×7 security-monitoring contract, a city requires financial checks, reference calls, and a review of whether evaluation panelists have financial ties to bidders. Which vendor-selection practices are being applied?

Accepted Answer

Due diligence on the vendor plus conflict-of-interest checks on decision makers — Due diligence is kicking the tires on the company; conflict-of-interest checks make sure the judges aren't secretly on a bidder's payroll. Together they keep the monitoring contract award clean and informed.

Answer

Skipping due diligence to accelerate the award date

Answer

Selecting solely on the lowest hourly rate with no integrity review

Answer

Awarding first and investigating only after a breach

Before awarding a 24×7 security-monitoring contract, a city requires financial checks, reference calls, and a review of whether evaluation panelists have financial ties to bidders. Which vendor-selection practices are being applied?

Short Explanation

Full Explanation