Due Date Notes: Definitions & Explanations PDF | Download eBooks
Study Due Date lecture notes PDF with project management definitions and explanation to study “What is Due Date?”. Study due date explanation with project management terms to review project management course for online MBA programs.
Due Date Definition:
Due date is the date by which the customer expects potential contractors to submit proposals.
Successful Project Management by Jack Gido and James P. Clements
Due Date Notes:
When a customer initiates request for proposal, the request for proposal should include some key points for the contractors. One of them is due date. A due date is the deadline for the contractors to submit the proposal. After the due date, customer does not accept the proposal from any contractor. The reason of giving due date for submitting proposal in the request for proposal is that the customer has to evaluate the proposals as well by comparing proposals from different contractors. The comparison is expected to be made at the same time. For example, the due date could be 25 days which means that the contractors have to submit their proposals within 25 days after the request of proposal is initiated.
Keep Learning with Project Management Notes
What are Prevention Costs?
When an organization focuses on quality management. Some costs are incurred. These costs are called costs of quality. The parts ...
What is Master Production Schedule?
When the work is planned and authorized, using subdivided work description (SWD), the production can take place. Before starting the ...
What is Term Contract?
The award cycle of the procurement process ends with signing a contract with the selected supplier or vendor who is ...
What is Quality Assurance?
The traditional concept of project management was to provide require deliverables to the customer. The new concept integrates project management ...
What is Total Slack?
Sometimes an activity takes more time than the estimated duration. This time must be calculated in order to know if ...
What is Life Cycle Cost?
Traditionally, the cost of a product was divided into different parts, based on the stages of the product's life. For ...