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The Project Management Tool Kit: 100 Tips and Techniques for Getting the Job Done Right by Tom Kendrick

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90. Procurement Process: Source Selection (PMBOK® 12.4)

WHAT:Determining the most appropriate supplier based on submitted proposals and finalizing a contract for the work.
WHEN:Project initiation and planning.
RESULTS:A contract incorporating the requirements of your project, signed by a supplier who can be expected to successfully deliver what you need.

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