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Procurement Plan is the document required to show the process of shortlisting and selection of vendors to provide certain products or services for the project. it entails the study of various qualified vendors and selecting the most suitable one for the project to take up the contract.

 Project Initiation Phase – This portion of the Procurement Plan document is used to provide the project selection team with general information about the possible purchase of goods and services.  No approval signatures are required.

Project Planning Phase – This portion of the Procurement Plan document provides detailed information about how vendors, products and services will be chosen, what kind(s) of contract(s) will be used, how vendors will be managed and who will be involved at each stage of the process.  This document should be approved by appropriate individuals before the actual procurement process begins.