1. What are the processes involved in project procurement management? 2. Provide a definition for Fixed Price contracts and explain the concept of Economic Price Adjustments. 3. Provide a definition...




1. What are the processes involved in project procurement management?


 2. Provide a definition for Fixed Price contracts and explain the concept of Economic Price Adjustments.


 3. Provide a definition for Cost Reimbursable contracts and list the three major forms these may take?


 4. Provide a definition for Time and Materials contracts. What are they commonly used for?


 5. What does SOW stand for and what does it generally include?


 6. Provide a definition for Bidder Conferences and explain why they can improve procurement outcomes?


 7. What is the purpose of a Warranty clause and why are they important?


 8. Explain the typical process for variations or changes to scope under a Fixed Price contract.


 9. Explain the concept of financial incentives and financial penalties as applied in Cost Reimbursable contracts.


 10. In addition to a contract, what other forms can an agreement between buyers and sellers take?




Dec 04, 2021
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