Abstract
Abstract Market analysis and research is a best practice activity for any procurement process. Market consultation is carried out when, following the market analysis and research, and as a result of correlating the information obtained with the need to be met, the contracting authority decides that it is necessary to start a dialogue with the market in order to describe the need. Once all aspects of the contract have been established, along with the scope of the contract, the type of contract and the benefits to be obtained, market research and analysis and/or review and update of existing information should be carried out so as to understand the context in which the contracting authority meets its needs and what approaches are required by the procurement in an economically and socially efficient manner. The information obtained from market research and analysis underpins decisions regarding the key elements of a competitive exercise such as, but not limited to: estimated value, qualification conditions, contract review clauses, etc.
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