Chapter 8

Project Procurement and Vendor Selection

This chapter covers the following topics:

  • Resource Procurement Overview: Understand the steps for resource procurement.

  • Resource Procurement Methods: Understand the advantages and disadvantages of building, buying, leasing, subscriptions, and pay-as-you-go procurements.

  • Exploratory Documents: Understand the purposes of a request for proposal (RFP), request for information (RFI), request for quote (RFQ), and request for bid (RFB).

  • Vendor Evaluation Techniques: Choose vendors based on best value vs. lowest cost, cost-benefit analysis, market research, competitive analysis, qualifications and prequalified vendors/sellers, demonstration, technical approach, physical and financial capacity, and ...

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