PK0-004 · Question #963
A vendor manager has been asked to review the SLA for a new project. The project team is unhappy with its current vendor and wants to obtain a new vendor to complete the project. Which of the…
The correct answer is C. RFP. When a project team wants to find a new vendor to fulfill project work, the appropriate procurement document is a Request for Proposal (RFP). An RFP invites potential vendors to propose their approach, methodology, timeline, and pricing for solving the project's problem - ideal…
Question
A vendor manager has been asked to review the SLA for a new project. The project team is unhappy with its current vendor and wants to obtain a new vendor to complete the project. Which of the following documents would be the BEST to use to obtain a new vendor?
Options
- ARFI
- BRFQ
- CRFP
- DNDA
How the community answered
(34 responses)- A3% (1)
- B3% (1)
- C94% (32)
Explanation
When a project team wants to find a new vendor to fulfill project work, the appropriate procurement document is a Request for Proposal (RFP). An RFP invites potential vendors to propose their approach, methodology, timeline, and pricing for solving the project's problem - ideal when requirements are defined but the best solution is not yet determined. An RFI (A) is used to gather general market information before deciding to procure; it does not solicit commitments from vendors. An RFQ (B) is used when you know exactly what you need and want vendors to compete purely on price. An NDA (D) is a legal confidentiality agreement, not a procurement solicitation document at all. Since the goal is to select and onboard a new vendor capable of completing the project, the RFP is the most appropriate tool.
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