fbpx
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: Procurement/ contract type/ proc SOW matrix

Procurement/ contract type/ proc SOW matrix 7 years 1 month ago #12214

  • Walter Hoffmann
  • Walter Hoffmann's Avatar Topic Author
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 8
  • Thank you received: 0
I'm looking at Rita's book chapter 12 procurement management. Page 486 shows that there are specific contract types for procurement documents.
For example
request for proposal should be cost-reimbursable ccontract and include a performance or functional statement of work.

An invitation for bid should be a fixed-price contract what the design statement of work.
Can anyone elaborate on this I'm confused at to why a EGO, IFB, or RFQ have specific contact types.

Procurement/ contract type/ proc SOW matrix 7 years 1 month ago #12269

  • Steven Mudrinich, PMP
  • Steven Mudrinich, PMP's Avatar
  • Offline
  • Expert Boarder
  • Expert Boarder
  • Posts: 126
  • Karma: 7
  • Thank you received: 25
Walter,

I think you may be confusing the contract types (FPIF, CPIF, etc) with some of the procurement documents (IFB, RFP, etc). Invitations for Bid, Requests for Information, Requests for Proposal, etc are used for the buyer to determine who in the market (the seller) can provide the product, service, etc. They do not equal a contract; they clear the way for the seller to bid on the buyer's project based on the established criteria. You may even see a bidder conference in some cases where numerous vendors will gather to try and secure the contract. Once the buyer picks a seller, the contract details are then worked out.

- Steven
The following user(s) said Thank You: John Wolverton
Moderators: Yolanda MabutasMary Kathrine PaduaJohn Paul BugarinHarry ElstonJean KwandaElena ZelenevskaiaBrent Lee

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login