Purchase-Of-Service Contracts Are Often Awarded

question 4

Multiple Choice

Purchase-of-service contracts are often awarded:

• A) Through hardball negotiations.
• B) By a bidding contest.
• C) Through the courts.
• D) By a governmental agency.

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Definitions:

Objective Criteria

Objective criteria are unbiased standards used to measure or evaluate something.

Subjective Criteria

Standards or principles based on personal feelings, tastes, or opinions rather than objective measures.

BATNA

Stands for Best Alternative To a Negotiated Agreement, the course of action that will be taken by a party engaged in negotiation if the current negotiations fail and an agreement cannot be reached.

Negotiating Party

A negotiating party refers to an individual or group involved in discussions aimed at reaching an agreement or compromise on specific matters.