Requested but unresolved changes within a contractual relationship:

The contract change control system:

Your sponsor over the very complex project has requested that if a vendor will be necessary, the lowest risk contract that would allow the vendor to deliver on all of the terms and conditions must be used. As such, you know you will need to use:

The buyer structures procurement documents to accomplish all of the following except:

Which of the following is false about advertising as a tool and technique of the conduct procurements process?

Evaluation criteria are developed and used to rate or score proposals. These criteria have all of the following characteristics except:

The primary goal of a bidder’s conference is:

What contract type has lowest risk for the buyer yet allows flexibility in the form of an incentive for achieving defined performance objectives?

If someone in the organization has been delegated procurement authority it means that the individual is:

You are developing the SOW that will be provided to the selected vendor. Which statement is least accurate regarding the procurement SOW?

Generally, a bid differs from a proposal in that the term:

A cost-plus-fixed-fee (CPFF) contract has all of the following characteristics except:

Jansen Bros. Construction has been selected as a contractor for the downtown construction project. The costs for equipment rental, manpower, and other supplies will be included in the contract price. If the final costs are higher or lower than anticipated, Jansen Bros will split the difference with the buyer 50/50. In addition, Jansen Bros will receive $30,000 for each day they complete their job prior to the scheduled delivery date. What type of contract are they working under?

The seller is working under a cost reimbursable contract with a 70/30 split. As an incentive from the buyer, the vendor will receive $1,500 for each day they deliver the final product early. The original cost estimate on the project was $750,000. The vendor delivered the product six days early at a final invoice price of $810,000. What is the contract value?

You have assumed the management of a project that was well underway. One of your team members lets you know that the primary vendor working on the project was hired based upon being a solo source. You know that this means: