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?