“Competitive Negotiation” (formal process) is a procurement method whereby proposals are requested from a number of sources and the Request for Proposal is publicized.
(2)
“Non-Competitive Negotiation” (sole source) is procurement through solicitation of a proposal from only one source.
(3)
“Small Purchase Procedures” (informal process) are those relatively simple and informal procurement methods whereby price or rate quotations are obtained from a number of sources and selection made on the basis of cost and other applicable criteria.