Contract Negotiation

Submitted by cnppmp on Mon, 05/20/2013 - 16:30
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Contract Negotiation:


A. To select most suitable vendor


B. To obtain the best quality at best price


C. To addres & clarify all part of the contract


D. Tio maintain a good relaitonship with the vendor


Regards


CN patil

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san

Mon, 05/20/2013 - 16:39

To maintain a good relationship with vendor

vijayavadrevu

Mon, 05/20/2013 - 17:45

 It should be option C???

sanskrit

Tue, 05/21/2013 - 00:46

D i.e  To maintain a good relaitonship with the vendor

vijayavadrevu

Tue, 05/21/2013 - 03:35

 What is the right answer @cnpmp?

rwmv

Tue, 05/21/2013 - 03:44

 OPTION B.

cnppmp's picture

cnppmp

Tue, 05/21/2013 - 04:20

I do not have right answer with me esle I would have provided. The maintaing the relationship is part of the Adminsiter procurements. Since the Negotiation  is one of the technique used in conduct producrement, it is always to have get the best deal for both the parties & mutual agreement should be reached,


anyone can clarify more on this?


Regards


CN Patil

Fariba

Tue, 05/21/2013 - 10:50

 PMbok page 332

Novjot

Tue, 05/21/2013 - 11:13

D. Negotiation is done to develop good relationship with the vendor.


 

abdsal

Tue, 05/21/2013 - 12:40

 

C

 

.7 Procurement Negotiations

Negotiations clarify the structure, requirements and other terms of the purchases so that mutual
agreement can be reached prior to signing the contract. Final contract language refl ects all agreements
reached. Subjects covered should include responsibilities, authority to make changes, applicable terms
and governing law, technical, and business management approaches, proprietary rights, contract
fi nancing, technical solutions, overall schedule, payments, and price. Negotiations conclude with a
contract document that can be executed by both buyer and seller.

rjbuzzing

Thu, 05/23/2013 - 02:48

 Has to be C because that covers. None of the other answer fill cover most of these stages of contract negotiation.

Introduction.
Probing
Bargaining
etc.