Procurement method - Study guides, Class notes & Summaries

DBIA Exam 1 Questions with Correct Answers Purpose Statement: DBIA is the only organization that _____ , _____, and _____ best practices in design-build project delivery. - ANSWER - defines - teaches - promotes _____ _____ is the belief that there is a technique, method or process that is more effective at delivering a particular outcome than any other. - ANSWER Best practice With proper ____, ____, and ____ a desired outcome can be delivered with fewer problems...

CON 170 Fundamentals of Cost and Price Analysis MIDTERM EXAM_2023. 1. Which of the following statements most closely summarizes government pricing objectives? b. Acquire goods and services from responsible sources at fair and reasonable prices. 2. As a contract specialist, you should be aware that: a) Different sellers in the same market may have different pricing objectives and approaches. b) Sellers in different markets often have different approaches to contract pricing. c) A single fir...

CON 2370 Exam Practice Questions and Answers Latest Update 2023/2024 | 100% Verified. You should use SAP when - correct answers The estimated value of the requirement is equal to or less than the SAT You have a requirement to purchase military transport vehicles that can travel over rough terrain. Market research has shown that there are no commercially developed or Government developed items that satisfy the terrain requirements. This type of item is a: - correct answers Developmental ite...

CTCM - Certified Texas Contract Management Latest 2023 Graded A+ Contract Management The entire process from planning through contract administration Contract Manager oversees & manages the entire process - • Project planning & budget • Specific development • Review & evaluation of solicitation responses • Assuring contract rates/pricing are within budget • Contract award Contract Administrator responsible for the post award functions • Relationship management • Implementing & mo...

DBIA Chapters Exam Questions and Answers All Correct Federal Acquisition Regulations (FAR) - ANSWER 1997 regulations changed allowing design build procurement Florida Law 1997 - ANSWER QBS could be used in Design Build Construction Management Association of American - ANSWER Formed 1982, Provided a service not a delivery method, they held no liability and it added a third contract. CM at Risk Disadvantages - ANSWER 2 Contracts, 2 Conflicting Agendas lea...

Saylor Academy BUS 402 Project Management Exam Questios with 100% correct Answers project <unit 1> - answerIs temporary, meaning it is not part of the organization's everyday business processes. An activity that has a clear ending and produces something that does not already exist. Project Management <unit 1> - answerBreaking a project down into manageable smaller units or tasks and completing temporary activities on time and within the budget that the client or stakeholder ...

MAC3701 Assignment 2 Semester 2 2023 (Answers) QUESTION 1 (100 Marks) EnerFizzCo Drinks Ltd (“EnerFizzCo”), situated in Dersley in the Gauteng Province, is one of the leading energy drink and effervescent tablet manufacturers in the East rand operating in a fiercely competitive market. The company operates two divisions namely the Drink division (DrinkD) and the Tablet division (TabletD). EnerFizzCo’s head office makes all the long-term borrowings decisions and allocates corpor...

A GUIDE TO THE PROJECT MANAGEMENT BODY OF KNOWLEDGE TEST BANK 5th edition Library of Congress Cataloging-in-Publication Data A guide to the project management body of knowledge (PMBOK® guide). -- Fifth edition. pages cm Includes bibliographical references and index. ISBN 978-1-935589-67-9 (pbk. : alk. paper) 1. Project management. I. Project Management Institute. II. Title: PMBOK guide. HD69.P75G845 2013 658.4’04--dc23 ISBN: 978-1-935589-67-9 Published by: Project M...

Accounts Payable Cert Practice Questions with Verified Solutions a company has a requirement to default the disbursement bank account when submitting a payment process request? (select 2) a. define the disbursement bank account to every supplier b. define the disbursement bank account to the payment method in payment default rules c. assign the disbursement bank account to users to have the payment process default the bank account d. create a payment process request template th...

PROCUREMENT METHODS Latest Verified Review 2023 Practice Questions and Answers for Exam Preparation, 100% Correct with Explanations, Highly Recommended, Download to Score A+ There are different methods in which an organization can acquire goods and services. 1.TENDERING SYSTEM Definition: Tendering is a purchasing procedure whereby potential supplies are invited to make a firm and unequivocal offer of the price and terms which, on acceptance shall be the basis of the subsequent contract. ...