CAPM (Certified Associate in Project Management) Practice Exam 2026 - Free CAPM Practice Questions and Study Guide

Independent estimates in procurement serve as a benchmark on proposed responses. They help in evaluating the reasonableness and competitiveness of vendors' proposals by providing a comparison point. This benchmark ensures that the project is obtaining goods or services at a fair market price. Additionally, independent estimates help in enhancing transparency and accountability in the procurement process by verifying the accuracy of vendors' pricing.

Options A, B, and D are incorrect because independent estimates do not serve the purpose of decoration, finalizing procurement contracts, or determining the vendor's reliability.