Exam (elaborations)
MCPPO-PUBLIC CONTRACTING OVERVIEW EXAM STUDY SET
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MCPPO-PUBLIC CONTRACTING OVERVIEWEXAM STUDY SET
Optimal Value - ANSWER Contract awards determined by multiple criteria
Criteria for Contract Award - The vendor's capacity to fulfil the contract
punctually and to the stipulated quality standards, at the proposed price.
The technical calibre of the provided supplies or services
Vendor's historical performance on such contracts.
The primary objective of public procurement is to acquire the goods, services,
and infrastructure necessary for public organisations.
When and where the products, services, and facilities are required.
At the most competitively accessible price,
Via transparent and equitable competition,
At a fair price
Key Control Activities About Procurement - RESPONSE: Establishing
Authorisation for Transaction Approval.
Assigning Accountability for Transaction Execution,
Separation of Responsibi
lities
Regulation of Access to Assets and Records
Observation
, Prior appropriation - Municipal finance legislation and state law restrict cities
and towns from allocating funds for specific items beyond the designated
appropriation without prior authorisation prior to contract execution.
The four essentials of a contract are mutual assent.
Proposition and consent
Consideration (monetary compensation, however it may take various forms of
remuneration)
Terms of the contract
Prohibit Payment - RESPONSE Payment to a vendor is impermissible without a
formal contract, as mandated by law, regardless of the provision of supplies and
services.
The Collective Purchasing Agreement stipulates that one participating
jurisdiction will take the lead in advertising and awarding the contract, serving
as the procurement officer for the group. Only participants from the outset are
authorised to make purchases under the contract.
Prohibitive payment - Massachusetts law forbids compensation to a vendor
under an invalid contract, regardless of whether the seller has delivered supplies
and services.
The Collective Purchasing Agreement stipulates that one participating
jurisdiction will take the lead in advertising and awarding the contract, serving
as the procurement officer for the group. Only the jurisdictions involved in the
initial procurement are permitted to make purchases under the contract.
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