Exam 3: Developing Project Proposals

Costs of escalation are costs associated with the increased costs for materials and wages in a long term project.

A BAFO requested by a customer is

The objective of the ____ section of the contractor proposal is to convince the customer that the contractor's price for the proposed project is realistic and reasonable.

The contractor needs to obtain advance approval from the customer before hiring a subcontractor to perform a project task.

It is illegal for the contractor to overstate the hours or costs.

Sleeping on a contradictory issue and providing a thoughtful answer the next day

This type of contract is a high risk contract for the contractor.

Evaluating whether or not to go forward with the preparation of a proposal is referred to as the ____.

A vehicle for establishing good customer-contractor communications and arriving at a mutual understanding and clear expectations to ensure project success is

Successful contract opportunities are grounded in relationships.

It is advisable to build relationship with ____ in a client or partner organization.

The customer will make payments to the contractor according to the payment schedule in the contract.

It is good practice to have the person who will be responsible for the major work tasks estimate the associated costs.