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PMP Certification Prep Flashcards
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RFP
REQUEST FOR PROPOSAL
RFB
REQUEST FOR BID
RFQ
REQUEST FOR QUOTE
RFI
REQUEST FOR INFORMATION
IFB
INVITATION FOR BID
PTA - Terminology
POINT OF TOTAL ASSUMPTION
PTA (POINT OF TOTAL ASSUMPTION) - Definition
The point where the seller has to pay for any cost overruns; the point where the project costs exceed the total budget.
PTA (POINT OF TOTAL ASSUMPTION) - Formula
PTA = TARGET COST + ((CEILING PRICE - TARGET COST)/BUYERS SHARE)
TEAMING AGREEMENTS - Definition
A STANDARDIZED CONTRACT BETWEEN TWO PARTIES TO SIMPLY PROCUREMENTS. aka: master service agreement.
MASTER SERVICE AGREEMENT - aka
TEAMING AGREEMENT
Author
alvincolon
ID
246313
Card Set
PMP Certification Prep Flashcards
Description
PROCUREMENT DOCUMENTS
Updated
2013-11-11T16:51:23Z
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