Project management and construction engineering quizz: Procurement
Planning Procurement doesn't include:
* When to procure
* Whether to procure
* How to procure
* What to procure
* How much to procure
* Cost performance baseline Procurement Management includes controlling contracts made between an outside entity and it's sub contractor?
* True
* False Characteristics of a Fixed Price or Lump Sum contract include:
* Risk pushed toward contractor
* All of the available
* Fixed total price for well defined product
* May include contract incentives for performance Time and Material Contract characteristics include:
* Risk is somewhat shared
* Seller paid preset amount per unit of product or service
* Contract arrangement is open-ended
* all of the available Cost Reimbursable contract characteristics include:
* Risk pushed toward buyer
* all of the available
* used in most Research and Development contracts when duration and objectives are not well defined
* buyer pays seller for actual costs plus a fee representing seller profit (cost plus fixed fee, cost plus incentive fee, cost plus award fee)
* When to procure
* Whether to procure
* How to procure
* What to procure
* How much to procure
* Cost performance baseline Procurement Management includes controlling contracts made between an outside entity and it's sub contractor?
* True
* False Characteristics of a Fixed Price or Lump Sum contract include:
* Risk pushed toward contractor
* All of the available
* Fixed total price for well defined product
* May include contract incentives for performance Time and Material Contract characteristics include:
* Risk is somewhat shared
* Seller paid preset amount per unit of product or service
* Contract arrangement is open-ended
* all of the available Cost Reimbursable contract characteristics include:
* Risk pushed toward buyer
* all of the available
* used in most Research and Development contracts when duration and objectives are not well defined
* buyer pays seller for actual costs plus a fee representing seller profit (cost plus fixed fee, cost plus incentive fee, cost plus award fee)