1. Describe one of the contract types listed in Chapter 19
ASSIGNMENTBidding documents are used to solicit proposals from perspective sellers.
They may include a request for information, request for quotation, request for proposal, or
other procurement document types. The buyer structures procurement documents to
accurately handle and complete responses from perspective sellers.Using information from
Chapter 19 of Project management: A systems approach to planning, scheduling, and
controlling, answer the following questions:Selection criteria are often used to select
physical project resources or the project team. Describe 3 examples of selection criteria that
can be used in a real project scenario.Share an example of how each criterion is developed
and used to rate or score potential resources (examples can be found in Chapter 19 of
Project management: A systems approach to planning, scheduling, and controlling.Describe
one of the contract types listed in Chapter 19 of Project management: A systems approach
to planning, scheduling, and controlling and share an example of a real-life project it can be
used on.Does the buyer or the seller bear the most risk, and why?