Procurement Management in Project Management - Taking Out a Contract. October 30, 2008 | Author: PM Hut | Filed under: Contract Administration & Close-out, Procurement Management, Solicitation & Source Selection Procurement Management in Project Management - Taking Out a Contract (#4 in the series Procurement Management in Project Management) By Joseph Phillips Contracts override everything: promises, email, secret handshakes.
As long as they don’t include illegal activities, contracts are backed by the U.S. legal system. A contract is what makes the deal a deal. RFQ RFT RFP RFI - Procurement Processes. Clients and newsletter readers have asked that we demystify the meaning behind each of the following procurement terms: RFI, RFQ, RFT and RFP.
These processes have steadily grown in popularity in procurement and purchasing, especially amongst larger buying organisations. Sadly proper training is often not given on which process to use and in how to effectively use each process. As a result, in practice you will find these phrases used interchangeably, as many organisations don’t understand the differences sufficiently, resulting in the buyers missing negotiation advantages. We hear procurement or purchasing clients talk about how their departments use these purchasing processes on our purchasing training for buyers to ‘write the rules’ of the buying game, to successfully side-step negotiation.
RFI.pdf (objeto application/pdf)