New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Which of the following method often used in public

    projects, in which an interested party initiates a proposal for a contract or the bid for a project –
    A Montreal Challenge Correct Answer Incorrect Answer
    B Swiss Challenge Correct Answer Incorrect Answer
    C Project Challenge Correct Answer Incorrect Answer
    D Contract Challenge Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    A Swiss Challenge is a method of bidding, often used in public projects, in which an interested party initiates a proposal for a contract or the bid for a project. The government then puts the details of the project out in the public and invites proposals from others interested in executing it. On the receipt of these bids, the original contractor gets an opportunity to match the best bid.

    Practice Next

    Relevant for Exams: