Study guides, Class notes & Summaries

NIGP Procurement Terms set 2 Questions and Answers Tax Burden - Answer-A measure of the taxes paid relative to another constant factor, such as total personal income. (Schiller, 2000) TCO - Answer-Total Cost of Ownership Team Development Stages - Answer-Stages include: 1. Forming - Members decide whether to join the group, learn the traits and strengths of other members and identify a leader; 2. Storming - The team experience developmental issues due to personality conflict and diffic...

A/E Professional Services - Services that require performance by a registered architect or engineer. Professional services of an architectural or engineering nature that are associated with research, planning, development, and design for construction, alteration, or repair. A+B Bidding - A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the proj...