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Which of the following is true about compensable factors?
Purchasing by Specification
Involves acquiring goods or services based on detailed descriptions of their requirements and characteristics, ensuring they meet specified standards and performance criteria.
Supplier Expertise
The specialized knowledge or skills held by a supplier, making them a preferred choice for delivering specific goods or services.
Traditional Criteria
Established or long-standing principles and standards used to make decisions, evaluate performance, or define quality in various fields.
Standard Specification
Detailed and precise criteria set to describe the quality, material, and performance requirements of products, services, or processes.
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