Cpfo exam stuvia - Study guides, Class notes & Summaries

Procurement - Answer is the process through which government acquires goods and services for its own use The stages procurement - Answer planning/scheduling, source selection/ purchasing, contract administration Fundamental objective of procurement - Answer to provide goods and services in the right quality and quantity on a timely basis as efficiently as possible and at the lowest overall cost Suspension - Answer the vendor is prohibited from receiving government contracts temporarily ...