Podcast
Questions and Answers
What type of contract involves a fixed price for the entire project?
What type of contract involves a fixed price for the entire project?
- Cost-Reimbursable Contract
- Time & Materials Contract
- FFP (Firm Fixed Price) Contract (correct)
- Breach of Contract
What is the process of ensuring that the procurement is done according to the plan?
What is the process of ensuring that the procurement is done according to the plan?
- Plan Procurement Management
- Contract Negotiating
- Conduct Procurements
- Control Procurements (correct)
What type of contract is often used for projects with uncertain scopes or requirements?
What type of contract is often used for projects with uncertain scopes or requirements?
- Breaching Contract
- Time & Materials Contract (correct)
- FFP (Firm Fixed Price) Contract
- Cost-Reimbursable Contract
What is the process of identifying and selecting the best supplier for the project?
What is the process of identifying and selecting the best supplier for the project?
What is the term for a situation in which a contract is unable to be performed due to circumstances beyond the control of the parties?
What is the term for a situation in which a contract is unable to be performed due to circumstances beyond the control of the parties?
What is the primary goal of the Plan Procurement Management process?
What is the primary goal of the Plan Procurement Management process?
What is the primary purpose of the Conduct Procurements process?
What is the primary purpose of the Conduct Procurements process?
Which type of contract is often used for projects with well-defined scopes and requirements?
Which type of contract is often used for projects with well-defined scopes and requirements?
What is the primary focus of the Control Procurements process?
What is the primary focus of the Control Procurements process?
What is the purpose of organizing for contract management?
What is the purpose of organizing for contract management?
What is the key difference between FFP contracts and Cost-Reimbursable contracts?
What is the key difference between FFP contracts and Cost-Reimbursable contracts?
What is the primary purpose of the Contract Planning process?
What is the primary purpose of the Contract Planning process?
What is the primary focus of the Conduct Procurements process?
What is the primary focus of the Conduct Procurements process?
What is the purpose of the Breach of Contract clause?
What is the purpose of the Breach of Contract clause?
What is the primary goal of organizing for contract management?
What is the primary goal of organizing for contract management?
The primary goal of the Plan Procurement Management process is to select the best supplier for the project.
The primary goal of the Plan Procurement Management process is to select the best supplier for the project.
The Control Procurements process is primarily focused on negotiating contracts.
The Control Procurements process is primarily focused on negotiating contracts.
The Contract Planning process is used to identify and select the best supplier for the project.
The Contract Planning process is used to identify and select the best supplier for the project.
FFP contracts are often used for projects with uncertain scopes or requirements.
FFP contracts are often used for projects with uncertain scopes or requirements.
The Breach of Contract clause is used to address unforeseen circumstances that prevent the contract from being performed.
The Breach of Contract clause is used to address unforeseen circumstances that prevent the contract from being performed.
