Exam (elaborations)
FCCM Training Exam Questions And Accurate Answers
- Course
- Institution
FCCM Training Exam Questions And Accurate Answers...
[Show more]
Content preview
FCCM Training Exam Questions And Accurate AnswersProcurement - ANSWER Government term for the buying of goods or services, receipt
and inspection, inventory and control, contract administration, and disposal/surplus
Seven Stages of Public Procurement - ANSWER 1. Need identification
2. Pre-solicitation
3. Solicitation preparation
4. Solicitation
5. Response Evaluation
6. Contract award
7. Contract management
Stage 1: Need Identification Process - ANSWER Identify the need for a
commodity/service and develop a plan to address that need. This stage includes:
-Need identification
-Budget identification
-Purchasing strategy
Types of procurements - ANSWER -Emergency (non-competitive): Cannot be delayed
without forcing immediate hazard
-Exceptional (non-competitive): Agencies must purchase from particular entity under a
contract
-Competitive solicitations
Phase 2: The pre-solicitation phase - ANSWER Obtain background information to
identify which form of competitive solicitation
is best for the
,What is a Solicitation Team supposed to do? - ANSWER -Ensure solicitation will meet the
procurement need
-Define what procurement scope is
-Determine a public purpose
-Conduct a market analysis
-Determine estimated probable costs
Procurement need - ANSWER An identified shortage of commodity or service
Payment Methods - ANSWER Cost reimbursement
Fixed price
Fixed rate
A combination of the above payment methods
Cost reimbursement - ANSWER The service provider is reimbursed for allowable
commodities / services related to the contract/grant
Fixed price - ANSWER Payment for a service is disbursed at defined periods (ex: weekly,
monthly)
Fixed rate- ANSWER Payments are made for fixed rates, such as an hourly rate of pay or
per unit delivered
Solicitation methods -ANSWER -Invitation to Bid (ITB): best value is based on price
-Request for Proposals (RFP): best value is based on price and quality
-Invitation to Negotiate (ITN): best value
Stage 3: Solicitation Preparation Process - ANSWER Prepare a competitive solicitation
, in advance of its release to the vendor community. Activities include:
-Planning, drafting and reviewing the solicitation
preparation of the solicitation documents for posting
selection of the evaluation or negotiation teams
Competitive solicitations MUST include - ANSWER -General Instruction to Respondents
(PUR 1001)
-General Contract Conditions (PUR 1000)
Competitive solicitations GENERALLY include - ANSWER -An introduction which
describes the objectives of the solicitation
-Technical specifications/scope of work
-Special instructions to respondents-instructions may include how to respond,
evaluation criteria, basis of award criteria, timeline and identification of the
procurement officer
-Special contract conditions
Should the procurement officer be a member of the evaluation team? - ANSWER NO
If the solicitation is a category 4 or higher, how many members should be on the
evaluation team? - ANSWER Minimum of 3
After a competitive solicitation has been issued, are members of an
evaluation/negotiation team allowed to discuss proposals or responses outside of a
public meeting (including an informal telephone call or email)? - ANSWER NO
Stage 4: Solicitation process - ANSWER Goal is to release and manage a competitive
solicitation. Includes:
-Posting the solicitation document
-Responding to vendor questions
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Stetson. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76710 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now