9. Procurement Basics: Managing Vendors and Contracts

Project Management Insights · Jan 22, 2026 · 14m

Vendor relationships can make or break your project, yet many project managers lack formal procurement training. This episode walks through the complete procurement process with practical techniques you can apply immediately. Learn how to write focused RFPs that attract better responses by answering three essential questions instead of creating 50-page documents that eliminate smaller vendors. Discover how to evaluate proposals objectively using scoring matrices and blind evaluation techniques that counter unconscious bias. We cover contract negotiation fundamentals including payment terms…