This course covers the procurement process in depth, including concepts, principles and ethics, pricing methods, awards, and all phases of contract administration from both the seller and buyer perspectives. It explores the development of bids and requests for proposals; the evaluation of responses; and the capabilities and use of various types of contracts and pricing mechanisms. It addresses outsourcing (including market investigation, key risks, requirements definition and evaluations using performance based service agreements) and the evaluation and use of contract information systems.
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