True: Procurement is an action of obtaining and procuring something., Procurement process is to select the best bidder that can deliver required services in a defined term., SMART objective must be Specific, Measurable, Attainable, Relevant and Timed, One of the key elements of a successful procurement process is to have a realistic timetable/timescales for the service provider to carry out their works., RICS requires an organization to develop evaluation criteria that reflect your objectives., One of the mandatory requirement made by RICS is an organization must state clear objectives for the procurement project., To select the potential bidders, a client must know whether that bidder has experience in the required sector or not. , Identify risk before commencing the procurement process is one of the procurement strategy., Project reporting is required to record and keep track on the contractor's progress during the contract., False: Procurement process is to select the best bidder that can provide services at the lowest cost., One of the procurement strategies is to have a very long term with one service provider., SMART objective must be Specific, Measurable, Attractive, Relevant and Timed, Another key for a successful procurement process is the client should spend a lot of money to ensure the contractor achieved the quality needed., RISM also requires an organization to determine a clear communication mechanism for the procurement project., An organization must select the bidder that working with their competitors., Only the bidder with many certificates and winning awards will be selected to work with your organization., Document submission by the bidders is required after the bidder win the contract., The evaluation methodology must be shared with bidders, transparent, and can be changed during the procurement process.,

FM Procurement

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