Solicitation Review Memo (To Be Used With Purchase Requisition) - Arkansas

Solicitation Review Memo (To Be Used With Purchase Requisition) is a legal document that was released by the Arkansas Department of Finance & Administration - a government authority operating within Arkansas.

FAQ

Q: What is a solicitation review memo?A: A solicitation review memo is a document used in the procurement process to review and evaluate purchase requisitions.

Q: When is a solicitation review memo used?A: A solicitation review memo is used when a purchase requisition needs to be reviewed and evaluated before it is approved.

Q: Why is a solicitation review memo important?A: A solicitation review memo is important as it ensures that purchase requisitions are thoroughly examined for accuracy, necessity, and compliance with procurement policies and regulations.

Q: Who is responsible for preparing a solicitation review memo?A: The person responsible for preparing a solicitation review memo is typically the procurement officer or department.

Q: What information is included in a solicitation review memo?A: A solicitation review memo includes details about the purchase requisition, such as the items or services being requested, the justification for the purchase, estimated costs, and other relevant information.

Q: How does a solicitation review memo contribute to the procurement process?A: A solicitation review memo contributes to the procurement process by providing a systematic review of purchase requisitions, ensuring they meet the necessary requirements and are in line with procurement guidelines.

Q: What happens after a solicitation review memo is prepared?A: After a solicitation review memo is prepared, it is typically reviewed by higher-level decision-makers, such as department heads or procurement managers, who will determine whether to approve or reject the purchase requisition.