Which of the following is true about RFQs?
A) On smaller projects, a procurement organization is established with expertise in purchasing.
B) On larger projects, the parent purchasing organization usually processes all RFQs.
C) The project team develops an RFQ based on the quality and schedule needs of the project.
D) RFQs require a bidder to provide a price and additional information for a defined scope of work.
E) The project team sends the RFQ to new vendors to test their qualifications.
Correct Answer:
Verified
Q20: The project team develops an RFQ based
Q21: The fixed price contract _.
A) requires developing
Q22: _ often provide a unique product or
Q23: According to Luu, Ng, and Chen, which
Q24: A _ requires a bidder to provide
Q26: If the number of items on the
Q27: Bids:
A) are legally not enforceable.
B) can be
Q28: The ending of a project is an
Q29: Items that can be bought off the
Q30: The method of purchasing products or services
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