Discuss the concept of procurement

Procurement Discuss the concept of procurement as being “a project within a project.” What is a contract liquidated damages clause? What fundamental purpose does it serve? What is one of the biggest problem in its enforcement? Discuss the relationship between standards and specifications in the procurement process. Give an example. The preparation of the quality requirements for RFP’s is affected by the type of contract pricing that is selected for a particular procurement item.” Explain.