Chapter $13$: Procurement Management

a graduate$-$level response to each of the following questions:

In addition to cost$,$ what factors should be considered in selecting a building contractor? What can go wrong if the lowest bid is selected and nothing else is considered?

What is the difference between an RFP and an RFQ$?$ Give two specific examples where an RFQ could be used and two specific examples where it is more likely that the organization will go with an RFP$.$