NIGP CPPO CERTIFICATION EXAM 2023-2024
ACTUAL EXAM 130 QUESTIONS AND CORRECT
DETAILED ANSWERS WITH
RATIONALES|ALREADY GRADED A
Terms in this set (128)
a pledge or guarantee by an insurance company, bank,
individual or corporation on behalf of a bidder or offeror
Surety
which protects against default or failure of the principal
to satisfy the contractual obligations.
The principle that employees who accept an assignment
accountability and the authority to carry it out are answerable to a
superior or a higher authority for the outcome.
1. Indication that an offeree is bound by the terms of the
offer.
2. An indication by one party of a willingness to act in
accordance with the contract or offer.
acceptance
3. The assumption of a legal obligation by a party to
contract to the terms and conditions of that contract.
4. The act of receiving by an authorized representative
with the intention or retaining.
Preferred method for acquiring goods, services and
construction for public use in which award is made to
the lowest responsive and responsible bidder, based
competitive sealed bidding
solely on the response to the criteria set forth in the
invitation for bud; does not include discussions or
negotiations with bidders.
, Unexpected or uncontrollable events including those
caused by nature that can impact the contract price,
terms and conditions. these events are not due to
contractor negligence and may excuse contractor
force majeure
performance during the events and under certain
conditions caused by them. Acts of God or disruptive
conditions for which a contractor or carrier will not be
held responsible.
A precise description of he physical or functional
characteristics of a product, good or construction item.
A description of goods and/or services. A description of
what the purchaser seeks to buy and what a bidder must
be responsive to in order to be considered for award of
specification
a contract. Specifications generally fall under the
following categories: design, performance, combination
(design and performance), brand name or approved
equal, qualified products list and samples. May also be
known as a purchasing description.
An insurance agreement, accompanied by a monetary
commitment, by which a third party (the surety) accepts
bid bond
liability and guarantees that the bidder will not withdraw
the bid.
A promise made by a seller to a buyer that is legally
warranty enforceable. The promise may be expressed or implied
and is legally binding.
A business process, activity or operation that is
considered outstanding, innovative or exceptionally
creative by a recognized peer group. It may be
considered as a leading-edge activity that has been
best practice
successfully adopted or implemented and has brought
efficiency and effectiveness to an organization. It may
result in improved productivity, quality, reduced costs
and increased customer service.
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