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What is included in the contract? ✔Correct Answer-Anything that is referenced as part of the
contract.
Scope ✔Correct Answer-Which core contract element addresses what the contract is about?
When was the contract agreed? ✔Correct Answer-Which of the following is NOT one of the
four core elements of a contract?
1,3,4 ✔Correct Answer-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 ✔Correct Answer-Who should be involved in
the formal contract hand over meeting?
Keep Satisfied ✔Correct Answer-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 ✔Correct Answer-By understanding projects on a
stakeholders radar screen, you will
Build awareness ✔Correct Answer-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 ✔Correct Answer-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..? ✔Correct Answer-Two cycle evaluation
What are intangible evaluation criteria? ✔Correct Answer-Factors that rely on organizational
culture and behavior
When embarking on a long term project, which of the following is often not given adequate
consideration at the proposal evaluation stage? ✔Correct Answer-The suppliers cultural
compatibility with the buyer
, When is the earliest you can begin to define the evaluation matrix for an RFP ✔Correct
Answer-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? ✔Correct Answer-Hurdle
Above what value does the uniform commercial code in the USA require contracts to be in
writing? ✔Correct Answer-US $500
Of the following, which is the best time to address dispute resolution procedures? ✔Correct
Answer-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? ✔Correct Answer-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? ✔Correct Answer-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. ✔Correct Answer-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? ✔Correct Answer-When RFI documents are issued
What information should a bidder be required to include in their proposal ✔Correct Answer-
Corporate financial statements
What process is used to solicit proposals from suppliers where the buyer has strong and well
thought out business requirements ✔Correct Answer-Request for proposal RFI
When sending out an RFP, what request should you include in your cover letter? ✔Correct
Answer-Explanation of any variations from your requirements
Which of the following are possible outcomes of an RFI process? 2.) Decision to make 3.) Send
the project out under an RFP 4.) Kill the project ✔Correct Answer-2, 3, 4
How may a contract expire? ✔Correct Answer-Automatically
What is an example of a responsibility that may continue after a contract has ended ✔Correct
Answer-Confidentiality