Podcast
Questions and Answers
What is NOT a stage involved in forming contracts for the purchasing or supply of goods and/or services?
What is NOT a stage involved in forming contracts for the purchasing or supply of goods and/or services?
- Delivery notes/acknowledgements
- Quotations/tenders received
- Invoicing and payment
- Contracts negotiation (correct)
Which document is NOT typically included in a contract for the purchasing or supply of goods and/or services?
Which document is NOT typically included in a contract for the purchasing or supply of goods and/or services?
- Pricing schedule
- Key Performance Indicators (KPIs)
- Marketing brochures (correct)
- Specification
What is the purpose of developing and presenting business cases to justify expenditure on supplies, services, or projects?
What is the purpose of developing and presenting business cases to justify expenditure on supplies, services, or projects?
- To evaluate the impact on stakeholders
- To align with organizational needs (correct)
- To increase competition
- To bypass procurement regulations
What is a key factor in achieving competitive pricing in procurement and supply?
What is a key factor in achieving competitive pricing in procurement and supply?
Which regulation can impact the tendering process by ensuring equality of treatment among suppliers?
Which regulation can impact the tendering process by ensuring equality of treatment among suppliers?
What type of data is commonly used to measure contract performance?
What type of data is commonly used to measure contract performance?
What is a typical Key Performance Indicator (KPI) used to measure contract performance?
What is a typical Key Performance Indicator (KPI) used to measure contract performance?
'Spec creep' awareness is important in which stage of the tendering process?
'Spec creep' awareness is important in which stage of the tendering process?
'Internal organizational risk' falls under which category of contractual risk management?
'Internal organizational risk' falls under which category of contractual risk management?
'SMART targets' are used primarily for what purpose in contract performance measurement?
'SMART targets' are used primarily for what purpose in contract performance measurement?
