CAPM (Certified Associate in Project Management) Practice Exam

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Who is considered the buyer in a contract?

  1. The seller's representative

  2. The supplier of goods

  3. The contracting officer

  4. The entity seeking to acquire goods or services

The correct answer is: The entity seeking to acquire goods or services

A contract is a legally binding agreement between two parties. In this case, the parties are the buyer and the seller. The buyer is the one who is seeking to acquire goods or services. It is incorrect to say that the buyer is the seller's representative because the seller already has their own representative. The supplier of goods is not the buyer because they are the one providing the goods, not purchasing them. The contracting officer is an individual designated by the government to enter into contracts on behalf of the government, but they are not the same as the buyer as they are acting on behalf of the government entity seeking the goods or services.

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