[Verse 1] When you need to buy from outside your team Plan procurement carefully, make it clean Management plan will guide your way Contract types and risk display Fixed Price puts the burden on the seller's side Cost Reimbursable means buyer takes the ride [Chorus] Plan and manage, buy it right FFP FPIF EPA in sight CPFF CPIF AF and PC Time and Materials in between RFI RFP RFQ IFB Procurement's how we guarantee [Verse 2] Statement of Work defines what you need Procurement SOW plants the seed Source selection criteria set the bar Make or buy analysis takes you far Bid documents help you find the best Proposals evaluated, put to test [Chorus] Plan and manage, buy it right FFP FPIF EPA in sight CPFF CPIF AF and PC Time and Materials in between RFI RFP RFQ IFB Procurement's how we guarantee [Bridge] Fixed Price Firm, Incentive Fee, Economic Adjustment too Cost Plus Fixed Fee, Incentive, Award, Percentage of Cost due Time and Materials hybrid shared Contract admin keeps us prepared [Verse 3] Administer contracts through the life Handle claims and resolve the strife Audits check that all is sound Closure when the work is found Complete and meets the quality grade Procurement success, well planned and made [Chorus] Plan and manage, buy it right FFP FPIF EPA in sight CPFF CPIF AF and PC Time and Materials in between RFI RFP RFQ IFB Procurement's how we guarantee [Outro] From planning through to final close Procurement management, that's how it goes
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