Multiple Choice
Procurement can include (circle all that apply)
A) acquisition of a complex system
B) purchasing parts and components
C) selecting a supplier of parts and components
D) acquiring the services of a design firm
E) monitoring the work of internal project staff
Correct Answer:
Verified
Correct Answer:
Verified
Q26: Statement: The "conduct procurement" stage is also
Q27: With a Cost Plus Fixed Fee (CPFF)<br>A)
Q28: The customer advertises for project price bids
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
Q35: The role of contract administration is<br>A) authorizing
Q36: Statement: Procurement management refers to the management