Project Management Professional (PMP) — Question 362

Contract terms used during the tender phase for a new power-generation facility must be revised before signing with the successful bidder because the terms of the tender have been amended to accommodate the new financial regulations on company tax.

Which approach should the project manager take to implement this amendment?

Answer options

• A. Sign the contract as per the original terms but allow the successful bidder to submit a new contract price.
• B. Discuss the new terms with the successful bidder to assess its impact on the contract price.
• C. Retender the entire scope because the terms of the contract have changed significantly.
• D. Amend the contract terms and sign a revised contract with the successful bidder.

Correct answer: B

Explanation

The correct approach is to discuss the new terms with the successful bidder to assess their impact on the contract price, as this allows for collaboration and ensures both parties understand the implications of the changes. Signing the contract based on original terms (A) or retendering (C) would not effectively address the updated regulations. Amending and signing a new contract (D) could be premature without discussing the implications first.