What is included in the contract? - ✔✔Anything that is referenced as part of the contract.
Scope - ✔✔Which core contract element addresses what the contract is about?
When was the contract agreed? - ✔✔Which of the following is NOT one of the four core elements of a
contract?
1,3,4 - ✔✔Which of the following may be incorporated into the contract? 1.) bid documents 3.) Letters,
change orders and specifications. 4.) SOWs, SLAs, RFP, procedures and prices
The bid, negotiation and implementation teams - ✔✔Who should be involved in the formal contract hand
over meeting?
Keep Satisfied - ✔✔A stakeholder group with a low level os impact and a high level of dependence on an
outcome is represented as which group type for communication purposes?
Stay informed and maintain confidence - ✔✔By understanding projects on a stakeholders radar screen,
you will
Build awareness - ✔✔If you are unlikely to be impacted by a contract and you have little importance
towards it then you are most likely to be categorized as which type of stakeholder?
Both 1 and 2 - ✔✔What should be considered when identifying a stakeholders important issues? 1.) What
programs they have in the near future. 2.) What they consider to be a risk.
A very complex project may require a more segmented approach to evaluation. This is called a..? -
✔✔Two cycle evaluation
What are intangible evaluation criteria? - ✔✔Factors that rely on organizational culture and behavior
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, When embarking on a long term project, which of the following is often not given adequate consideration
at the proposal evaluation stage? - ✔✔The suppliers cultural compatibility with the buyer
When is the earliest you can begin to define the evaluation matrix for an RFP - ✔✔Prior to drafting the
RFP
What is the name of the bid evaluation approach that requires a supplier to achieve a satisfactory level on
specific evaluation criteria? - ✔✔Hurdle
Above what value does the uniform commercial code in the USA require contracts to be in writing? -
✔✔US $500
Of the following, which is the best time to address dispute resolution procedures? - ✔✔Procedures
should be agreed at the beginning of negotiations.
What do cross-border contracts involving countries who have signed up to the UN convention on
contracts for the international sale of goods (CISG) provide? - ✔✔CISG automatically applies unless
specifically excluded.
What effect does the UN convention on contracts for the international sale of goods (CISG) have on
stating a time limit in which the offer must be accepted? - ✔✔Creates an irrevocable offer
Which of the following statements about offer termination is true/false? 1.) Offers may not be terminated
once they have been made, and 2.) Offers may only be terminated using the same method by which the
offer was made. - ✔✔Only 2 is true.
Of the following, which timing for the preparation and signing of a NDA will best protect both customer
and suppliers interests? - ✔✔When RFI documents are issued
What information should a bidder be required to include in their proposal - ✔✔Corporate financial
statements
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