In the context of contracts, what would be a primary concern of a sourcing strategy?

Prepare for the NCMA Certified Contract Management Associate Exam. Use flashcards and multiple-choice questions with hints and explanations. Maximize your study time and ensure exam readiness!

A primary concern of a sourcing strategy is ensuring timely procurement while maintaining quality. This is essential because the effectiveness of a sourcing strategy directly impacts the overall success of a contract and the project it supports. Timeliness is critical in procurement processes as delays can lead to escalated costs, missed deadlines, and potential project failures. Additionally, maintaining quality ensures that the goods or services procured meet the necessary standards and requirements, which is vital for achieving project objectives and satisfying stakeholders.

While profit margins are important for contractors, sourcing strategies are typically more focused on the processes of acquiring goods and services efficiently and effectively. Networking with potential subcontractors could be a part of a broader strategy, but it does not encapsulate the primary concern of a sourcing strategy itself. Standardizing contract formats can aid efficiency and clarity but does not directly address the critical aspects of timeliness and quality in procurement. Thus, the essence of a successful sourcing strategy is to balance these two pivotal elements, making option B the most relevant choice.

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