Project Management Professional (PMP) Exam Practice – Question1645

Contract negotiations are NOT required when______________


A. A company uses sealed bids
B. There is a sole source procurement
C. A competitive range is established
D. A two-step process is used

Correct Answer: A

Explanation:

Explanation:
When using the sealed bid method, competitive market forces determine the price, and the award goes to the lowest bidder, provided all other terms and conditions of the contract are met.