Before a procurement can happen someone at your agency needs to do market research to determine which vendor(s) are available and what they can do. Market research as part of a procurement has a pretty set methodology. The innovation we bring is to give you the tools to go directly to vendors to collect information about the solutions available and their costs to quickly evaluate responses using Evaluation Builder, a fundamental part of our platform.
City Innovate’s Market Research Module provides everything your agency needs to go direct to vendors when gathering data; also we provide everything you need to get started with a Challenge-Based Approach™ to market research. The module assists you in authoring challenge statements, publishing them to the vendor community, and evaluating the resulting submissions using a phased approach. A Challenge-Based Approach™ to market research has been used by the California DMV and California EDD to good effect. The technique is proprietary to City Innovate: we’re a national leader in using a Challenge-Based Approach for market research.
Ask us about how to kick start your next Vendor Day