Procurement Contract Award Process
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Questions and Answers

What is the process of obtaining seller responses, selecting a seller, and awarding a contract known as?

  • Procurement acquisition phase
  • Supplier bidding procedure (correct)
  • Vendor evaluation process
  • Contract negotiation cycle

    • What is the term for the phase in which a seller is chosen and a contract is awarded?

  • Bid assessment phase
  • Vendor selection stage
  • Contract award process (correct)
  • Supplier prequalification round

    • What is the name given to the process of evaluating and choosing a seller for contract award?

  • Seller proposal assessment (correct)
  • Purchasing decision-making cycle
  • Supply chain procurement stage
  • Vendor performance evaluation

    • Which process involves evaluating and selecting a seller for contract award?

    <p>Conduct Procurements</p> Signup and view all the answers

    What is the phase in which seller responses are obtained, a seller is selected, and a contract is awarded?

    <p>Conduct Procurements</p> Signup and view all the answers

    Which process includes the activities of obtaining seller responses, selecting a seller, and awarding a contract?

    <p>Conduct Procurements</p> Signup and view all the answers

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