Superb Professors

11. What is the most thorough and detailed procurement tool for mid-sized to large projects?Select one:
a. Request for Information
b. Request for Proposal
c. Request for Bids
d. Request for Quote
12. What procurement tool is most useful in finding qualified and interested vendors?
Select one:
a. Request for Information
b. Request for Proposal
c. Request for Bids
d. Request for Quote
13. When scoring vendor proposals submitted in response to a Request for Proposal, the greatest weight is usually given to…
Select one:
a. The qualifications of the vendors
b. The cost portion of the proposals
c. The technical portion of the proposals
d. The timeliness with which the proposals were submitted
14. Which type of contract is best for procurements involving research and development projects?
Select one:
a. Sole source
b. Cost reimbursement
c. Request for Bid
d. Fixed price
15. Which type of contract presents the LEAST risk for the organization conducting the procurement?
Select one:
a. Sole source
b. Cost reimbursement
c. Request for Bid
d. Fixed price
 
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