Rfq - Study guides, Class notes & Summaries

CIPS L4M8 Exam Questions And Answers Stage 13: Assest management/end of life The procurement professional should evaluate whether the need is still current. If it is and unchanged, the procurement cycle commences again but from a different stage as the need is already known and understood. If the need is not required the buyer should manage the end of life by reducing stock levels and informing the supplier Anti-bribery procedures -Proportionate procedures: should be in line with the yp...

CPCM Study Guide Questions with Correct Answers Basic Agreement - Answer-written negotiated agreement between the buyer and seller that contains terms and conditions and serves as an agreement for future contracts between the parties but is not considered a contract RFQ - Answer-normally used in simplified acquisition or negotiated procurement when award will be made after negotiations. Only considered a contract through supplier signature or the start of work. acid test ratio - Answer-ho...

RFP (Request for Proposal) correct answers a document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals RFQ (Request for Qualifications) correct answers is a document issued by a buyer of services to sellers of services, requesting documentation of their general qualifications and experience, to determine whether such sellers are qua...

What added value do structured procurement processes provide? - ANSWER Consistent best practice, less scope for laws and regs deviance, reduced opp for duplicated effort, faster procurement Advantages of formal, systematic approach to structuring processes and procedures (8) - ANSWER Coordination of effort and collaboration between parties; process and outcomes consistency; prevents conflict (reference point); mandating most efficient approach; good governance and managerial control; complian...

A RFP is generally less detailed than a RFI or RFQ. T or F? : False The RFP should address data migration capabilities. T or F? : True Facility training expectations should be clearly outlined in the RFP. T or F? : True A PACS uptime guarantee by the vendor of 90% is desirable. T or F? : False 2 | P a g e A RFP for a PACS acquisition includes the definition of what the customer requirements are for the system. T or F? : True Methods for evaluating an investment such as PACS involve ...

Bid Specs what can't you do - Answer NJSA 40A11-13 include a standard that has nothing to do with the purpose residency requirements discriminate require a brand name (may say Brand name or equal) fail to include options to extend or renew What makes up a good bid spec - Answer Have a non-mandatory pre-bid meeting (if complicated bid) Enough time-between invitation and submission Review bids promptly- so you can award without delay what does SREC stand for - Answer Solar ...

L4M8 Procurement & Supply in Practice Questions and Answers 100% Pass How many stages are there within the CIPS Procurement Cycle? - Correct Answer ️️ - The CIPS procurement cycle has 13 stages: 1. Understand need and develop a high-level specification. 2. Market/commodity options including make-versus-but assessment. 3. Develop strategy/plan. 4. Pre-procurement market tests and market engagement. 5. Development of required documentation, e.g. request for quotation (RFQ). 6. Supplie...

Purchasing and Supply Management Final Exams Questions and Answers 2024. What is transactional cost? refers to all cost included to make a transaction between two parties. describe RFI, RFQ and RFP A Request for Information (RFI) is used when you think you know what you want but need more information from the vendors. It will typically be followed by an RFQ or RFP. A Request for Quote (RFQ) is commonly used when you know what you want but need information on how vendors would meet y...

A RFP is generally less detailed than a RFI or RFQ. T or F? - ️️False The RFP should address data migration capabilities. T or F? - ️️True Facility training expectations should be clearly outlined in the RFP. T or F? - ️️True A PACS uptime guarantee by the vendor of 90% is desirable. T or F? - ️️False i A RFP for a PACS acqusition includes the definition of what the customer requirements are for the system. T or F? - ️️True Methods for evaluating an investment s...

UNL's new College of Engineering Building (Kiewit Hall) uses which of the following project delivery methods? a. CMar b. design/build c. IPD d. P3 e. Design-Bid-Build correct answers a. CMar It is usually easy for a general contractor to obtain private bid opportunities than it is to obtain public bid opportunities. True or False correct answers false An RFP, will typically contain which of the following: (Select all that apply) -Type of owner contract to be used -Anticipated ...