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Traditional Types of Contracts
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Traditional Types of Contracts

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Questions and Answers

What is the purpose of a specification document in procurement?

  • To prevent suppliers from bidding on projects
  • To clearly describe what the government needs to purchase (correct)
  • To confuse suppliers with complex language
  • To provide vague guidelines to suppliers

    • In traditional procurement using lump sum contracts, what is required from tenderers?

  • No specific requirements
  • A detailed specification (correct)
  • A vague description of works
  • Only a Schedule of Works

    • What can be provided in addition to bill of quantities in procurement?

  • No additional information
  • Detailed pricing (correct)
  • Excessive documentation
  • A vague scope of work

    • When tenderers are provided with a Schedule of Works, what are they expected to do?

    <p>Price the schedule based on their understanding of the project</p> Signup and view all the answers

    What is the main purpose of a Schedule of Works in procurement?

    <p>To provide a detailed plan for tenderers</p> Signup and view all the answers

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