A Request for Proposal RFP)

question 58

Multiple Choice

A request for proposal RFP) :

• A) is used to gather vendor information from various companies to generate a group of prospects.
• B) is a formal arrangement in a partnership to execute a project with each party contributing resources.
• C) involves a supplier who might bypass the bidding process on account of having a special relationship with the project.
• D) requires a bidder to offer solutions and ideas on how to perform the scope of work and a price for performing that work.
• E) defines the relationship between the project and subcontractors.

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Definitions:

Product Options

Various models, variations, or features that a customer can choose when purchasing a product.

ERP Systems

Enterprise Resource Planning systems are integrated management software platforms that help organizations automate and manage core business processes for optimal performance.

Ongoing Process

A continuous operation or sequence of actions that proceed without interruption in a repeated cycle.

Off-The-Shelf Coding

Pre-existing software codes or solutions that can be readily used without the need for customization.