Unit 11- Procurement Flashcards
1
Q
Research
A
Explore the market
2
Q
Pre qualifications
A
Understand abilities
3
Q
Tender
A
Send documents that sets out- wait for response
4
Q
Analysis
A
Look at technical and contractual
5
Q
Award
A
Award contract- best final offer- include people who are SQEP
6
Q
Management
A
Monitor the work. Pay at milestones
7
Q
Close
A
Close the contract- pay outs
8
Q
Contents of a procurement strategy
A
Take or buy decision
Use of single or multiple suppliers
Provider selection
Conditions and forms of contract
Types of pricing
9
Q
Reimbursement methods
A
Fixed- low risk to buyer and high risk to supplier
Unit pricing- cost per unit
Cost plus fee- used when the scope is flexible
