69. e. Bill of lading Bill of lading is the term which is used to o describe the

Question

69. e. Bill of lading

Bill of lading is the term which is used to o describe the receipt issued by a carrier for items to be delivered to a third party.

70. a. Fixed price contract

Fixed price contract is equivalent to a lump sum contract.

71. b. Adjusting payments to reflect late invoices consequence.

Back charge refers to adjusting payments to reflect late invoices consequence.

72. b. Contract evaluation cycle

the "make or buy" decision is usually made during the contract evaluation cycle. As based on the evaluation of the contract the company decides whether to go ahead with that contract with the vendor or it would be better to make it on its own.

73. a. Bid protest

Bid protest is the process which allows an unsuccessful bidder to seek remedy for contract award to another bidder.

Explanation / Answer

which of the following terms is used to describe the receipt issued by a carrier for items to be delivered to a third party? a. Free on board b. Receipt for merchandise c. Packaging list d· Loading list e. Bill of lading 10 Which of the following is equivalent to a lump sum cotract? a. Fixed price contract b. Price fixing concract c. Purchase order d. All of the albove e. b and c only 11- Back charge refers to: a. b. c· Transferring charges from subcontractors to the owner Adjusting payments to reflect lare invoices c The cost of corrective action taken by the owner and charged to the contractor for onsequence d. e. Gaining restitution from the owner for nonpayment c and d ooly The "make or buy" decision is usually made during the a. Acquisition cycle b. Contract evaluation cycle c. Requinements cycle d. Preaward cycle e. At any time that is convenient for the project manager 73. Which of the following processes allow an unsuccessful bidder to seck remedy for contract award to another bidder? a. Bid protest b. Bid review c. Award procest d. Award review e. Any of the above processes can be used

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