RFP Management

The Problem for Companies engaged in Sponsoring a Project and related activities that required Data Base Management is that they may not have the expertise necessary to draft a Request for Proposal (RFP), evaluate the Proposals, select the appropriate Data Base Management Company and engage in all of the activities to formalize the relationship. Even if this expertise is present, the resources of the Sponsor may be more productively engaged in other activities.

The Risk is that the Process by which the Data Base Management Company is selected may be flawed, and that lack of a proper selection process will result in selection of a lesser qualified Company than otherwise could occur, resulting in higher costs, longer times to collect and manage data and possible regulatory violations which endanger the validity of the Project.

The Solution to the Problem of Implementing an Appropriate and Effective Data Base Manager Selection Process is to employ an organization that has the knowledge, expertise and resources necessary to manage the process of issuing an RFP, identifying qualified Data Base Management firms to receive it, evaluating those firms and making the final selection. Such a solution can be highly cost effective by freeing up resources for the Sponsor to use in other areas, and having the Sponsor avoid adding fixed costs for resources which may not be utilized full time.

The Management of the Data Base Management Selection Process by WNY Data Management Services provides a Project Sponsor with the resources to conduct a highly professional Selection Process and separate, independent evaluation of the Data Base Management firms to complement the Sponsor's evaluation. WNY Data Management Services will custom design its participation in the selection process to meet the needs of the Sponsor. This design can take the form of complete, turnkey responsibility for the Selection Process including drafting of the RFP, Evaluation of the responses, a recommendation to the Sponsor for the most appropriate Data Base Management Firm and drafting of legal documents by the law firm that serves as it Strategic Partner, or any combination of these tasks depending upon the needs of the Sponsor and the characteristics of the Project.

The Cost of a Selection Process Services will be very small in comparison to the overall cost of the Project. A firm Proposal with a fixed cost is provided prior to any obligation on the part of the Sponsor.

To Learn More About Selection Process Services and To Determine if it is Appropriate for your Project, contact WNY Data Management Service, Inc. for a free consultation.