This is a template that a company can use to specify a project procurement plan. Project procurement plans are an important step of a project when the company identifies and obtains the necessary goods or services from outside vendors that will work on the project. This template includes a procurement statement, the estimated cost, and the method for vendor selection. In addition, vendor selection and selection criteria can also be specified to ensure qualified vendors are selected. This template is ideal for small businesses or other entities that want to engage the services of external vendors for an ongoing business project.