Source Selection is the process of receiving bids or proposals and applying the proposal evaluation criteria to select a supplier (Garrett & Rendon, 2005). The source selection process includes the contract negotiations between the buyer and the seller in attempting to come to agreement on all aspects of the contract, to include cost, schedule, performance, terms and conditions, and anything else related to the contracted effort. This source selection process includes the following activities:
1. Applying evaluation criteria to management, cost, and technical proposals.
2. Negotiating with suppliers.
3. Executing the contract award strategy.