In the procurement process, the seller may be viewed initially as a bidder, then as the selected source, and then as the contracted supplier. The seller will typically manage the work as a project. In such an instance, which of the following is not true?

Question $8$Answer

There need not be a contractual relationship between the buyer and the seller.

The seller$$s project management team is concerned with all project management processes, not just procurement management.

Terms and conditions of the contract become key inputs to many of the seller$$s management processes $($ex: major deliverables, key milestones, cost objectives$).$

The buyer becomes the customer and is then a key project stakeholder for the seller.