What is prior information notice in SAP PSM-GPR - Procurement for Public Sector?

SAP Term: prior information notice

• Component: PSM-GPR

• Component Name: Procurement for Public Sector

• Description: A notice published in the FedBizOpps database of the U.S. Federal Government, informing the contracting community about future procurement opportunities. Applies to bid invitations.

Smart SAP Assistant

• Key Concepts: 
  A Prior Information Notice (PIN) is a document issued by a public sector body in the European Union to inform potential suppliers of an upcoming procurement process. It is used to provide information about the planned procurement, such as the estimated value, the type of contract, and the estimated date of publication of the tender documents. 
  
  How to use it: 
  The PIN is used by public sector bodies to inform potential suppliers of an upcoming procurement process. It is published in the Official Journal of the European Union (OJEU) and on the body’s website. The PIN should include information about the estimated value of the contract, the type of contract, and the estimated date of publication of the tender documents. 
  
  Tips & Tricks: 
  When issuing a PIN, it is important to ensure that all relevant information is included in order to give potential suppliers sufficient time to prepare for the procurement process. It is also important to ensure that all information provided in the PIN is accurate and up-to-date. 
  
  Related Information: 
  The PIN is part of SAP’s Public Sector Management – General Procurement for Public Sector (PSM-GPR) component. This component provides a comprehensive set of tools for managing public sector procurement processes, including tools for issuing and managing PINs.