These Items Are Typically Bid and the Lowest Prices That

question 41

Multiple Choice

These items are typically bid and the lowest prices that can meet the schedule of the project will win the contract.

• A) Deliverables
• B) Project infrastructure resources
• C) Customized goods
• D) Specialized equipment
• E) Commodities

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Definitions:

Installment Contract

A legal agreement requiring regular payments over time for the purchase of goods or services, typically used for expensive items.

Conditional Sales Contracts

Agreements where the sale is contingent upon certain conditions, often used in transactions involving goods or property.

Purchased Equipment

Machinery or tools acquired by a business for use in its operations, representing capital expenditure and an enhancement of operational capacities.

Credibility

The quality of being trusted and believed in, often considered crucial for businesses, leaders, and information sources.