Which of the Following Is True About a Request for Quote

question 57

Multiple Choice

Which of the following is true about a request for quote?

• A) The process of developing a quote in response to an RFP can be very expensive for the bidder.
• B) The project team should not issue an RFP to a company that is not eligible to win the bid.
• C) The type of materials or service is not well defined.
• D) The bidder that can meet the project quality and schedule requirements usually wins the contract by quoting the lowest price.
• E) It accounts for price but focuses on meeting the project quality or schedule requirements.

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Definitions:

Complementary Skills

Abilities or expertise in different areas that, when combined, enhance performance, productivity, or innovation in a team or project.

Mutually Accountable

A situation or relationship in which all parties involved accept responsibility for their actions and contributions toward a common goal.

Performance Results

The outcomes or outputs generated from an individual's or organization's actions, often used as a basis for evaluation and improvement.

Individual Attitudes

The psychological tendencies expressed by evaluating an entity with some degree of favor or disfavor, influencing individual behavior and perceptions.