Free NCMA CPCM Exam Dumps Questions & Answers

A buyer posts a requirement online for supplies and/or services for which, over time, sellers compete by offering lower prices. Sellers are permitted to submit more than one bid. At a certain point in time identified by the buyer, no further bids are permitted and usually the seller offering the lowest price is selected for the contract award. This type of purchase transaction describes __________.

• A.reverse auctions
• B.strategic sourcing
• C.optimization transactions
• D.sealed bidding

Which of the following is a potential remedy in Commercial Contract Disputes?

• A.Manage Change
• B.Termination for Convenience
• C.Request for Equitable Adjustment
• D.Expectation Damages

Competitive analysis, comparative analysis, and market data are indicators of reasonableness in _________
_.

• A.Plan Negotiations
• B.Price Analysis
• C.Market Research
• D.Cost Analysis

A(n) __________ contract comprises obligations imposed by law to prevent the unjust enrichment of one person at another's expense.

• A.quasi
• B.express
• C.unilateral
• D.implied

Fundamentally, the contract management profession is about the knowledge and application of __________.

• A.team dynamics and situational assessment
• B.pre-award, award, and post-award life cycles
• C.contract principles and situational assessment
• D.laws, codes, and regulations