A public university is planning to procure a complex laboratory information management system (LIMS). During the pre-solicitation phase, which of the following activities is MOST critical to ensuring the resulting solicitation reflects the actual needs of the end-users and promotes robust competition?
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A
Drafting the final contract terms and conditions.
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B
Conducting comprehensive market research and stakeholder engagement.
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C
Selecting the members of the formal evaluation committee.
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D
Establishing a firm budget based on the previous year's expenditures.