As the project manager over a major construction project, you will spend much of your time managing your suppliers. One of your major objectives during negotiation should be:

obtain a fair and reasonable price

obtain the lowest price possible

ensure your suppliers are taking most to all of the risk

support collusion among all your potential suppliers

You and your team are closing out a contract with one of your suppliers. Formal written notice that the contract has been completed is usually done through:

the project manager

the project teams

the contract administrator

the project sponsors

You have had a contract in place for several years with your sub-contractor, Foster Associates. Over the last few months deliverables have been late and quality low. Management has just decided to terminate this contract. What process will you now enter?

close procurements

close phase or project

verify scope

administer procurements