Which of the following may help in ensuring that certain bidders in the procurement process do not receive preferential treatment that all prospective sellers have a clear and common understanding of the procurement?
A. Use of weighted criteria
B. Use of bidder conferences
C. Use of screening techniques
D. Use of expert judgement
During the procurement process, a contractual relationship gets established between a buyer and a seller. During the contract lifecycle, what is the correct sequence in which the following terminology is applied to a seller? Vendor, Selected source, and Bidder.
A. The seller is viewed first as a selected source, then as a bidder and then as a vendor.
B. The seller is viewed first as a vendor, then as a bidder and then as a selected source.
C. The seller is viewed first as a bidder, then as a selected source and then as a vendor.
D. The seller is viewed first as a bidder, then as a vendor, then as a selected source.
In the procurement process, the seller may be viewed initially as a bidder, then as the selected source and then as the contracted supplier. The seller will typically manage the work as a project. In such an instance, which of the following is not true?
A. The Buyer becomes the customer and is thus a key project stakeholder for the seller.
B. Terms and conditions of the contract become key inputs to many of the seller’s management processes. (ex: major deliverables, key milestones, cost objectives)
C. There need not be a contractual relationship between the buyer and the seller
D. The Seller’s project management team is concerned with all the processes of project management and not just Procurement management.