Question: QUESTION THREE [25] 3.1 A request for proposal (RFP) is a document, prepared by the sponsor/customer, which defines the project requirements and is used to

QUESTION THREE [25] 3.1 A request for proposal (RFP) is a document, prepared by the sponsor/customer, which defines the project requirements and is used to solicit a proposal from potential contractors to do the project. (Gido & Clement, 2015:47). Explain the guidelines to be followed when preparing a request for proposal. (15) 3.2 Differentiate between fixed price and cost-reimbursement contracts. (10)

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