CORe Exam Dumps | DEF, Inc. conducts a Request for Information (RFI) to identify suppliers who will be invited to participate

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HBX.CORE.v2024-11-30.q151
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Question 89/151

DEF, Inc. conducts a Request for Information (RFI) to identify suppliers who will be invited to participate in a Request for Proposal (RFP) for technical support. The RFI requires audited financial statements. DEF receives an inquiry from a publicly traded supplier asking if their 10K statement will suffice, and a privately held supplier states that it will only provide its audited financial statement after receiving a nondisclosure agreement from DEF.
Given this situation, which of the following is the BEST course of action for DEF to take?

A. Issue a revision to the current RFI listing alternate methods and conditions acceptable in demonstrating financial health

B. Maintain the requirement for audited financial statements so that all respondents are graded on the same basis

C. State that DEF reserves the right to use information other than that received in response to the RFI to evaluate respondents' financial condition

D. Negotiate with all respondents for more financial information

Correct Answer: A

The best course of action for DEF, Inc. is to issue a revision to the current RFI, listing alternate methods and conditions acceptable in demonstrating financial health. This approach accommodates the concerns of both publicly traded and privately held suppliers, ensuring a fair and inclusive process. It maintains the requirement for financial health demonstration while providing flexibility in how suppliers can meet this requirement.
References:
* "Request for Proposal: A Guide for Effective RFP Process" by Bud Porter-Roth.
* Guidelines on RFIs and RFPs from the National Institute of Governmental Purchasing (NIGP).
* "Procurement Principles and Management" by Peter Baily, David Farmer, Barry Crocker, and David Jessop.

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