CPPB - Domain II Sourcing with perfect answers2024

Scope of Work correct answersTypically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" PWS correct answersPerformance Work Statement SOO correct answersStatement of Objectives Statement of Work correct answersThe proposed solution by the successful proposer responding to the Scope of Work appearing in the solicitation. Benchmarking correct answersThe act of measuring a process, service or product against the characteristics of the recognized leaders in the given area of review IFB correct answersInvitation for Bid, also known as competitive sealed bidding. Preferred method for acquiring goods, some services and some construction for public use. Award is made to the lowest responsive and responsible bidder. RFQ correct answersRequest for quotation. Also known as informal competitive bidding. Generally used for small orders under a certain dollar threshold. RFP correct answersRequest for Proposals. Allows the reviewer or evaluator to consider factors other than price ITN correct answersInvitation to Negotiate. Used when the procurement authority deems it is in their best interest to negotiate with offerors to achieve "best value" RFQU correct answersRequest for Qualifications. Used when the award is base on the qualifications of the supplier. RFI correct answersRequest for Information. Used to solicit information from the supplier community LOI correct answersLetter of Interest. Less formal, less expensive approach to gathering information form suppliers. NOI correct answersNotice of Intent. Public notice issued to announce the intended award of an agreement to a certain supplier or service provider Sole Source correct answersMay result because only one supplier possesses the unique ability or capability to meet the particular requirements of the solicitation