Bugzilla Question:

Does Bugzilla have the ability to search by word, phrase, compound search?

You have no idea. Bugzilla's query interface, particularly with the advanced Boolean operators, is incredibly versatile.

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Does Bugzilla provide record locking when there is simultaneous access to the same bug? Does the second person get a notice that the bug is in use or how are they notified?	Can a user re-run a report with a new project, same query?