Best and final offer bafo - Study guides, Class notes & Summaries

Agent correct answer: Authorized to act on behalf of someone else. Vendor correct answer: A supplier of goods and/or services. Bid correct answer: An offer to contract with the state. Scheduled Purchase correct answer: A type of purchase method used to order goods in bulk. Best and Final Offer (BAFO) correct answer: The result of final negotiations with responsive vendors during the Request For Proposal (RFP) process. Sealed Bid correct answer: A formal written bid opened in...

APMP Glossary Verified Answers Account Plan A sales plan that is specific to one customer and covers multiple opportunities with that customer. The timespan covered by the plan typically is two to five years. Action Caption A short, informative statement associated with a graphic that provides additional information to help the reader understand what the graphic means. Active/Passive Voice Sentences written in active voice have a clear subject and verb. They make it clear who doe...

APMP FOUNDATION CERTIFICATION EXAM QUESTIONS & ANSWERS SOLVED 100% CORRECT!!

Agent - ANSWER-Authorized to act on behalf of someone else. Vendor - ANSWER-A supplier of goods and/or services. Bid - ANSWER-An offer to contract with the state. Scheduled Purchase - ANSWER-A type of purchase method used to order goods in bulk. Best and Final Offer (BAFO) - ANSWER-The result of final negotiations with responsive vendors during the Request For Proposal (RFP) process. Sealed Bid - ANSWER-A formal written bid opened in public at a designated time and place. Ethic...

Spearin Doctrine - The owner warrants the sufficiency of the plans and specs to the contractor under this regulation. 35% - Design Build RFP's will be evaluated off of less than what percentage for qualifications based evaluation. ADePT - Technology to assess design value. Adjusted Low Bid - Selection in which qualitative aspects are scored 0-100 scale and expressed as a decimal then bid price is divided by a qualitative score to yield a lowest bid. Alliance Contract - Cooperative Contra...

CPPB Questions and Answers 100% Solved Three stages of negotiation planning, actual negotiations, completion Three things to judge a negotiation produce a wise agreement, damage relationship, efficient Negotiations are complete when a written and executed contract is finished and signed BATNA Best Alternative to a Negotiated agreement (bottomline) BAFO Best and Final offer demurrage compensation for wait time Request for Equitable Adjustment (REA) Actions that add/ delete work, change in m...

CPPB Study Guide Questions with Correct Answers Three stages of negotiation - Answer-planning, actual negotiations, completion Three things to judge a negotiation - Answer-produce a wise agreement, damage relationship, efficient Negotiations are complete - Answer-when a written and executed contract is finished and signed BATNA - Answer-Best Alternative to a Negotiated agreement (bottomline) BAFO - Answer-Best and Final offer demurrage - Answer-compensation for wait time Requ...

CTCM EXAM LATEST QUESTIONS & ANSWERS ALREADY PASSED!! Vendor Communication consists of all of the following except. A. Avoids situations that could appear to show favoritism to a specific vendor B. is constant throughout the life of a contract C. Allows communication by the end user during solicitation as long as they communicate to all vendors D. Is allowable and unallowable depending on the circumstance. C. Allows communication by the end user during solicitation as long as they commun...

CTCM EXAM LATEST QUESTIONS & ANSWERS ALREADY PASSED!! Vendor Communication consists of all of the following except. A. Avoids situations that could appear to show favoritism to a specific vendor B. is constant throughout the life of a contract C. Allows communication by the end user during solicitation as long as they communicate to all vendors D. Is allowable and unallowable depending on the circumstance. C. Allows communication by the end user during solicitation as long as they commun...

APMP Foundation Exam with Questions and Answers ACCOUNT TERM ANSWER An account plan is a sales plan that is specific to one particular customer and will cover multiple opportunities with that customer. The time span is typically two to five years. ACTION CAPTION ANSWER A short informative statement against a graphic which provides additional information about the content of the graphic that will help the reader draw the right conclusion. ADVANTAGE ANSWER is in the opinion of the seller,...