recompeting

Recompeting is a term used in various contexts, often referring to the process of bidding for or trying to win back a contract, project, or position that an entity previously held or was awarded. This typically occurs when an existing contract expires or when a project needs to be re-tendered. The original holder of the contract or project is then eligible to compete again, alongside any other interested parties.

In government procurement and large-scale project management, recompeting is a common practice designed to ensure fair competition, potentially secure better terms, and allow for new providers to offer innovative solutions. It provides an opportunity to review performance and value for money. For the entity being recompeting, it can be an opportunity to demonstrate continued value, adapt to changing requirements, or secure a renewed partnership. However, it also carries the risk of losing the contract to a competitor.

The process usually involves a formal bidding or proposal submission. Criteria for evaluation often include factors such as cost, technical capability, past performance, and adherence to specifications. Successful recompeting requires a thorough understanding of the original contract's performance, the needs of the client, and the competitive landscape. Entities that have held a contract often have an advantage due to their established knowledge and experience, but they must still present a compelling case to retain it.