Specification Bias refers to the unintentional or intentional introduction of undue influence into technical requirements or evaluation criteria, favoring a particular solution or vendor.
Mechanism
In crypto Request for Quote (RFQ) processes, this bias might manifest as detailing system architectures exclusively supported by a specific blockchain protocol or setting performance benchmarks only achievable by certain institutional options trading platforms. It restricts genuine competitive bidding.
Methodology
Mitigated through the use of objective, outcome-based requirement definitions and independent technical review during the RFQ drafting phase. Actively addressing specification bias ensures a fair and competitive environment, allowing for a broader range of innovative and cost-effective solutions to be considered for critical crypto infrastructure or trading systems.
Red flags in an RFP are systemic anomalies indicating a compromised procurement process, often through procedural manipulation or biased specifications.
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