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Under the Simple Procurement Guide, how do I deal with a situation where obtaining three quotes is not possible?

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Under the Simple Procurement Guide, how do I deal with a situation where obtaining three quotes is not possible?

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The Simple Procurement Guideline recognises that it isn’t always possible to get three quotes. Planning for procurement at any level should recognise the context and relevant issues associated with a particular procurement, which limit sourcing options. In seeking quotations, ensure adequate records are kept of the approach to the market, the rationale supporting the market approach and the basis for the procurement outcome/decision. The rationale for seeking less than three quotes in the event of a limited supply market should be recorded as part of the process documentation. Lack of time is not considered a sound rationale for obtaining less than three quotes.

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