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The report is a collection of the information gathered during the phase. You should now be down to three or less candidates and looking to move to the next stage of the evaluation.
If the request was for an RFP or RFQ, there will be some flexibility in what is being delivered. What and how the package will be implemented is probably more flexible. As such there will be more work to be done before what you want, and what the vendor can supply are aligned.
If the request was an RFT, your wants and the vendor's proposal should be closely aligned. If this is the case, the ensuring phases will be more focused on validation rather than exploration. You will focus on making sure it does fit your documented requirements rather than investigating how the requirements may be massaged to fit what the solution can provide.
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