TeachMeFinance.com - explain Sole source bid
Sole source bid The term 'Sole source bid ' as it applies to the area of agriculture can be defined as ' This refers to the required bidding process for infant formula sold through the WIC program. It offers an infant formula manufacturer the option of bidding to be the only provider of infant formula contained in WIC food packages in the state. Contracts must be awarded to the company that offers the lowest price (or largest discount) on its infant formula'.
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