Does private business use the same solicitation tools as government does?

Governments deal with private contractors for their supplier in many areas. Governments have to go into contracts with private suppliers. Government dealing is governed by statues and regulations but the creation of contract or a bilateral relation with a contractor is governed by almost the same rules as what is applicable to a private contract. In the same way when we talk about the process of solicitation and the different tools used to solicit, the government agencies are bound by many rules and regulations, but the basic framework for the process of solicitation is the same as that of solicitation by a private business.

Governments and private businesses both use the standard solicitation form i.e. SF3 for solicitation. Both governments and private businesses use uniform forms for solicitation. The uniformity of the forms make sure that there is less ambiguity in the solicitation process. Any ambiguity may result in misunderstanding and conflicts the resolution of which could be time consuming and exhaust many useful resources.

The main aim that both governments and private business want to achieve from solicitation is to guarantee the full benefits of competition. When a fair solicitation process is concluded, both the buyers and seller can reach their ultimate goals. In a solicitation process there are two main parties, i.e. the buyer and the seller. Irrespective of who is involved i.e. government or private business, in the solicitation process, after all they are either buyers or sellers. The nature of the solicitation process compels both private businesses and governments to use tools that are in their best interest and are uniform in nature. Each procurement is aimed at the on time delivery of a best value product or service (Engelbeck, 2002). So it does not really who is doing the solicitation, the government or a private business, both am at getting the required services or goods on time and with the best possible quality.