Procurements Management question
Submitted by eng_tareq79 on Thu, 04/11/2013 - 13:25
An organization is considering various contract types in order to motivate sellers and to ensure preferential treatment. What should they consider before deciding to use an award fee contract? 83o Payment of an award fee would be linked to the achievement of objective performance criteria.o Any unresolved dispute over the payment of an award fee would be subject to remedy in court.o Payment of an award fee would be agreed upon by both the customer and the contractor.o Payment of an award fee is decided upon by the customer based on the degree of satisfaction. |
This is a question from Olivier Lehman...
As per Olivier lehamn ,answer is 4 ; howeve answer # 1 makes more sense to me ...could anyone guide me please,
what is the right answer and why ?
Thank you in davnce for your time to reply,
Tareq
Forums:
amol_joshi
Thu, 04/11/2013 - 13:38
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link
http://www.passionatepm.com/blog/cost-plus-contracts-pmp-concept-35
eng_tareq79
Thu, 04/11/2013 - 19:40
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Thank you
Thank you amol_joshi ;link you posted is really helpful
Geethika
Thu, 04/11/2013 - 13:44
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Objective and Subjective
In CPIF contract, Seller fee (Incentive fee) is determined objectively meaning some mathematical calculations are involved. We have formula to calculate this incentive
eng_tareq79
Thu, 04/11/2013 - 19:39
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Thank you
Thank you Geethika,appreciated
jexorit414
Sun, 05/03/2020 - 17:08
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Nice post. I was checking
Nice post. I was checking constantly this blog and I am impressed! Extremely helpful information specially the last part I care for such info a lot. I was seeking this particular information for a very long time. Thank you and good luck.
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jexorit414
Tue, 05/05/2020 - 11:43
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Nice post. I was checking
Nice post. I was checking constantly this blog and I am impressed! Extremely helpful information specially the last part I care for such info a lot. I was seeking this particular information for a very long time. Thank you and good luck.
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jexorit414
Fri, 05/15/2020 - 12:19
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I admit, I have not been on
I admit, I have not been on this web page in a long time... however it was another joy to see It is such an important topic and ignored by so many, even professionals. professionals. I thank you to help making people more aware of possible issues.
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pmalik
Mon, 03/12/2018 - 07:04
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Procurements Management
This is a direct question from the PMBOK Guide. Option 4 is the correct answer.
To understand more about Procurements Management you can read the following articles -
https://www.pmbypm.com/different-types-of-contract/
https://www.pmbypm.com/contract-types-for-pmp-exam/
https://www.pmbypm.com/pmp-formulas-contract-types/
jexorit414
Wed, 05/20/2020 - 15:36
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An fascinating discussion is
An fascinating discussion is value comment. I think that it is best to write extra on this matter, it won’t be a taboo topic however generally people are not enough to talk on such topics. To the next. Cheers
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blissy1226
Fri, 11/20/2020 - 14:02
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I would choose the first one.
I would choose the first one. If they meet the objective, then, that is the time that you can give the fees. - Paul Savramis