Contract management process as defined by the author

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Reference no: EM132237799

1. A "Merchant" is

A person who deals in goods of the kind.

By his or her occupation holds himself or herself out as having knowledge or skill peculiar to the practices or goods involved in the transaction.

To whom such knowledge or skill may be attributed by his or her employment of an agent or broker or other intermediary who by his or her occupation holds himself or herself out as having such knowledge or skill.

All of the above

2. Which of the following is a difference between the buyer and sellers contract management process as defined by the author:

Sellers conduct solicitation planning, buyers make the bid-no-bid determination

Sellers prepares the offer, buyer isssues the solicitation document

Sellers conducts procurement planning, buyer conduct pre-sales activities.

All of the above

None of the above

3. Bidders' conference are to:

Ensure all prospective bidders have a clear, common understanding of the contract requirements

May be conducted in person, online, by conference, etc.

Ensure common understanding of technical requirements

All of the above

None of the above

Reference no: EM132237799

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