The due diligence process that an organization undertakes to determine if the vendor they are considering is a good fit for their needs.

Many organizations will bring in third-party vendors to provide a product or service, but the organisation needs to ensure that the vendor can provide the services they need at the right level of quality, and at the right cost.

The assessment of the vendor takes place during the RFP stage of the proceurement process that the organization must undertake before executing on their projects.