Unduly Restrictive Requirements are conditions or specifications within a procurement solicitation that unnecessarily limit competition by excluding otherwise qualified vendors. These requirements often go beyond what is functionally necessary, favoring incumbent suppliers or specific technical solutions without objective justification. In crypto RFQ processes, this might include demanding specific, non-standard blockchain integrations or proprietary smart contract audit certifications.
Mechanism
The mechanism involves specifying criteria that disproportionately benefit a limited set of vendors, such as requiring certifications for niche technologies not widely adopted, or demanding a track record that only established players possess. This reduces the pool of eligible bidders, potentially leading to higher costs or less innovative solutions. It distorts the competitive landscape.
Methodology
Identifying unduly restrictive requirements involves a critical review of solicitation documents against market capabilities and functional needs. In crypto sourcing, this means questioning demands for exclusive liquidity provisions on a single exchange or proprietary smart trading algorithm interfaces. The strategic approach is to broaden the competitive base, encouraging diverse proposals that offer optimal value and innovation for institutional digital asset operations.
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