ASSIGNMENT
Bidding documents are used to solicit proposals from perspective sellers. They may include a request for information, request for quotation, request for proposal, or other procurement document types. The buyer structures procurement documents to accurately handle and complete responses from perspective sellers.
Using information from Chapter 19 of Project management: A systems approach to planning, scheduling, and controlling, answer the following questions:
Selection criteria are often used to select physical project resources or the project team. Describe 3 examples of selection criteria that can be used in a real project scenario.
Share an example of how each criterion is developed and used to rate or score potential resources (examples can be found in Chapter 19 of Project management: A systems approach to planning, scheduling, and controlling.
Describe one of the contract types listed in Chapter 19 of Project management: A systems approach to planning, scheduling, and controlling and share an example of a real-life project it can be used on.
Does the buyer or the seller bear the most risk, and why?
