Vendor Selection Procedure Quiz

1. During the planning and discovery stage, you must review requirements, timelines, approach and rating criteria with the Managing Director.

True

False

*##*CORRECT! During the planning and discovery stage, you must review requirements, timelines, approach and rating criteria with the Managing Director.*##*INCORRECT: During the planning and discovery stage, you must review requirements, timelines, approach and rating criteria with the Managing Director.

Explanation

*##*CORRECT! During the planning and discovery stage, you must review requirements, timelines, approach and rating criteria with the Managing Director.*##*INCORRECT: During the planning and discovery stage, you must review requirements, timelines, approach and rating criteria with the Managing Director.

2. A Non-Disclosure Agreement must be signed by a potential vendor before talking about confidential information.

True

False

*##*CORRECT! A Non-Disclosure Agreement must be signed by a potential vendor before talking about confidential information. *##*INCORRECT: A Non-Disclosure Agreement must be signed by a potential vendor before talking about confidential information.

Explanation

*##*CORRECT! A Non-Disclosure Agreement must be signed by a potential vendor before talking about confidential information. *##*INCORRECT: A Non-Disclosure Agreement must be signed by a potential vendor before talking about confidential information.

3. Which of the following is an example criteria for a potential vendor in a Rating Chart?

Gut Feel

Proximity

Years Active

All of the above

*##*CORRECT! These are all example criteria for a potential vendor in a Rating Chart. The criteria will change for every selection process based on the vendor type. *##*INCORRECT: These are all example criteria for a potential vendor in a Rating Chart. The criteria will change for every selection process based on the vendor type.

Explanation

*##*CORRECT! These are all example criteria for a potential vendor in a Rating Chart. The criteria will change for every selection process based on the vendor type. *##*INCORRECT: These are all example criteria for a potential vendor in a Rating Chart. The criteria will change for every selection process based on the vendor type.

4. The RFP does not need a provided deadline for when the response needs to be received by CWD from the vendor.

True

False

*##*CORRECT! The RFP must include a deadline for when the response needs to be received by CWD from the vendor. *##*INCORRECT: The RFP must include a deadline for when the response needs to be received by CWD from the vendor.

Explanation

*##*CORRECT! The RFP must include a deadline for when the response needs to be received by CWD from the vendor. *##*INCORRECT: The RFP must include a deadline for when the response needs to be received by CWD from the vendor.

5. How many companies are recommended for review with the Managing Director?

All of them

Top 1

Top 3

Top 5

*##*CORRECT! The top 3 companies with the highest ratings are recommended for review with the Managing Director. *##*INCORRECT: The top 3 companies with the highest ratings are recommended for review with the Managing Director.

Explanation

*##*CORRECT! The top 3 companies with the highest ratings are recommended for review with the Managing Director. *##*INCORRECT: The top 3 companies with the highest ratings are recommended for review with the Managing Director.