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Project Management & Agile · Intermediate

Conduct Procurements

Process of obtaining seller responses, selecting a seller, and awarding a contract.

Definition

Techniques include bidder conferences, proposal evaluation, advertising, and negotiations. Outputs are selected sellers and agreements.

Example

Three proposals are scored and the top vendor is awarded the contract after negotiation.

Exam tip

Procurement negotiations should be led by someone with contract authority, often procurement.

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