International Project Management Association (IPMA) Practice Exam 2025 – The Complete All-in-One Guide to Achieving Certification Success!

In the context of choosing a seller for project procurement, it’s important to understand the role of each tool or technique. A bidders conference involves potential sellers discussing project requirements, allowing for clarification and encouraging competition among bidders. This is an interactive process that helps refine proposals.

A weighting system is a method for evaluating and comparing proposals based on predetermined criteria, which assists in making a more objective decision on which seller may provide the most value. Independent estimates serve as a benchmark to compare seller proposals against a credible baseline, ensuring that pricing is reasonable and competitive.

Contrastingly, contract negotiation typically occurs after a seller has been selected. This phase involves discussing terms and conditions to finalize the agreement, rather than focusing on the initial decision-making process for seller selection. Therefore, this approach is not considered a tool or technique used in the actual selection of a seller, as it is more about finalizing the deal than choosing between options.