Exam CAPM topic 1 question 244 discussion

A. Bid document An RFP (Request for Proposal) is essentially a bid document. It's a formal document issued by a buyer or procurer inviting potential sellers to submit proposals for providing goods or services. By reviewing the RFPs, the project team is essentially evaluating the bids submitted by the three vendors.

A. Bid document The Request for Proposal (RFP) is a type of procurement document that is used to solicit bids or proposals from potential vendors. It provides detailed information about the project, its requirements, and the evaluation criteria that will be used to select the vendor. Vendors respond to the RFP with their proposals, including their pricing, approach, and other relevant details. The RFP is a key component of the procurement process and helps in selecting the most suitable vendor for the project.

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A. Bid Document

PMBOK pg 477 bid document. Answer A

A- Bid document. 12.1.3.3

A- Bid document. 12.1.3.3 Depending on the goods or services needed, the bidding documents can include a request for information, request for quotation, request for proposal, or other appropriate procurement documents. The conditions involving their use are presented below: uu uu uu Request for information (RFI). An RFI is used when more information on the goods and services to be acquired is needed from the sellers. It will typically be followed by an RFQ or RFP

12.1.3.3 Bid Documents: RFI, RFQ, RFP

bid document

The quality management plan contains the applicable industry standards and codes the project is required to follow. This information is used in bidding documents such as the RFP and will eventually be referenced in the contract. This information may be used in supplier prequalification or as part of the selection criteria. Page 469

A. Bid document(RFI,RGQ etc)