PK0-004 · Question #465
Two parties are beginning conversations regarding the purchase of professional services. Which of the following should be in place FIRST?
The correct answer is A. RFP. An RFP (Request for Proposal) (A) is the first formal procurement document issued by a buyer to solicit proposals from potential vendors for professional services. It initiates the formal procurement process by outlining the buyer's needs and inviting vendors to respond. An SOW…
Question
Two parties are beginning conversations regarding the purchase of professional services. Which of the following should be in place FIRST?
Options
- ARFP
- BSOW
- CNDA
- DLOI
How the community answered
(54 responses)- A91% (49)
- B6% (3)
- C2% (1)
- D2% (1)
Explanation
An RFP (Request for Proposal) (A) is the first formal procurement document issued by a buyer to solicit proposals from potential vendors for professional services. It initiates the formal procurement process by outlining the buyer's needs and inviting vendors to respond. An SOW (B) defines specific work to be performed and comes after a vendor is selected. An NDA (C) may be used to protect sensitive information during discussions but is not universally required first in professional services procurement. An LOI (Letter of Intent) (D) expresses a preliminary intent to contract and comes after initial negotiations, not before them.
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