CPSM Exam 1 - Contracting and Negotiation
Terms in this set (6)
What is the first component of a specification?
Defines what the product must look like or do
What is the second component of a specification?
Is quantitative, such as a frequency measure or parts per million
Different forms of specifications
performance and design, internal and external, supplier samples, and statement of work
Types of solicitations/bids 1
Includes offer to buy or sell, Informal bids, electronic solicitations or e-auctions (reverse auctions), competitive proposal, sealed bids or formal advertising, restricted competition or non-competitive negotiations (single source), Two-step bidding, pre-qualified (pre-source) bidding
Types of solicitations/bids 2
Pricing models (cost model), other innovative methods, lotting strategies or online bidding, invitation for bid, and RFP
Subheadings: Prepare solicitations for competitive bids, quotations, and proposals with pertinent specifications, terms and conditions
Methods of communicating attributes of a product or service, types of solicitations/bids, RFIs, Bidders conferences
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