Exam 12: Project Supply Chain Management

All of the following accurately describe the features and characteristics of a contract EXCEPT:

A contract is a unilateral document that obligates the seller to provide specified products and services under terms agreeable to the buyer.

Contract incentives are often used when the buyer wants to maximize some aspect of performance,such as finishing the project early or providing a higher level of quality.

Evaluations of prospective suppliers by project teams often involve all of the following approaches EXCEPT:

Supply chain management focuses exclusively upon the parties directly involved in providing supplies to the project team.