Terms and conditions for a purchased service that indicate what services will be performed and how the service provider will be evaluated is called a:
A)request for quotation.
B)bid specification.
C)preferred supplier contract.
D)statement of work.

Question

Quizplus · Accepted Answer

A statement of work outlines the specific services or tasks that a service provider will perform for a client. It also includes details about how the provider will be evaluated based on factors such as quality, timeliness, and adherence to the terms and conditions of the contract. A request for quotation is a document that solicits price quotes from potential vendors, while a bid specification outlines the requirements for a project or contract and invites interested parties to submit proposals. A preferred supplier contract is an agreement between a buyer and a supplier that establishes an ongoing relationship and sets terms for the provision of goods or services.

Terms and Conditions for a Purchased Service That Indicate What