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CHAPTER 19
19-1 Although there are pros and cons on every type of contract, most contracts that
19-2 Personal conversations can provide one bidder with a competitive advantage.
The playing field must be level.
19-3 There are several reasons. First, effective procurement can save the company
money, thus increasing profits. For this reason, most companies believe in
19-4 In this case, all assumptions must be listed, including inclusions and exclusions
based upon the interpretation of the SOW.
19-5 Letter contracts or letters of intent can be used for long-lead procurement
