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Sole Sourcing (Competitive Sole Source Approach) vs. Open-Bid (RFP) Solicitation

The open-bid solicitation process is the general marketing of opportunities to businesses and individuals that desire to be involved with government sponsored programs. Participation in VISP and PEER Group thus qualifies interested businesses and individuals to participate in sole sourced PDI projects. Their access to VISP and PEER Group membership in the course of developing their projects enables Project Clients to request sole source funding, thereby eliminating the need for the time consuming open-bid process and avoiding the inherent lack of Project Client control that it implies. Conversely, their access to VISP and PEER Group membership in the course of developing their projects enables Project Clients to request sole source funding.

The PDI Process, by design, complies with funding agencies’ criteria for the provision of client sole sourcing, while simultaneously researching and implementing diverse technical and commercial approaches to the creation of project solutions appropriate to the local needs and setting of the Project Client’s ultimate stakeholder constituency.

Comparison of Alternative Approaches to Competitive Funding
Open-Bid (RFP) Competitive Sole Sourcing
Requires 18 to 24 months on average to start project-funding Typically requires only 6 to 9 months to start project funding
Prospective vendors must seek out each potential funding opportunity individually on their own, and pass due diligence qualification for each separately, which can cost up to $20,000 per project RFP. VISP/PEER Group members must pass due diligence only once (included in their membership fee), regardless of the number of projects they participate in through the PDI Process.