Multiple Choice
The customer advertises for project price bids usually when
A) scope of the project is complex, requirements are ill-defined, and bidder qualifications are unknown
B) scope of the project is somewhat simple, requirements are well defined, and bidders are pre-qualified.
C) scope of the project is somewhat simple, requirements are well defined, and bidders are pre-qualified
D) the customer is most interested in learning different contractors' ideas about the project
E) the customer is interested in negotiating with contractor to settle on the best process
Correct Answer:

Verified
Correct Answer:
Verified
Q23: Statement: The schedule for procured items can
Q24: Items to be procured during the project
Q25: With a Cost Plus Incentive Fee (CPIF)<br>A)
Q26: Statement: The "conduct procurement" stage is also
Q27: With a Cost Plus Fixed Fee (CPFF)<br>A)
Q29: A "solicitation package" includes (circle all that
Q30: With a Time and Materials (T&M) contract<br>A)
Q31: Statement: Procurement management follows a process similar
Q32: Statement: Portions of or even entire work
Q33: Statement: A Guaranteed Maximum Price (GMP) contract