100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
QPA EXAM Prep Study Guide with Complete Solutions $9.99   Add to cart

Exam (elaborations)

QPA EXAM Prep Study Guide with Complete Solutions

 4 views  0 purchase
  • Course
  • Qpa
  • Institution
  • Qpa

QPA EXAM Prep Study Guide with Complete Solutions Bid Thresholds - Answer-QPA 40k / Non QPA 17.5K Quote Threshold (15%) - Answer-QPA 6k / Non QPA 2,625 Types of Contracts - Answer-1. Goods and services 2. Professional Mandatory Bid Items - Answer-1. Bid guarantee 2. Consent of Surety 3. Sta...

[Show more]

Preview 2 out of 9  pages

  • October 7, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Qpa
  • Qpa
avatar-seller
EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED,
FIRST PUBLISH SEPTEMBER 2024

QPA EXAM Prep Study Guide with
Complete Solutions

Bid Thresholds - Answer✔✔-QPA 40k / Non QPA 17.5K


Quote Threshold (15%) - Answer✔✔-QPA 6k / Non QPA 2,625

Types of Contracts - Answer✔✔-1. Goods and services

2. Professional

Mandatory Bid Items - Answer✔✔-1. Bid guarantee

2. Consent of Surety

3. Statement of Corporate Ownership

4. Listing of sub-contractors

5. Acknowledgement of addenda

6. Iran disclosure

6 "R"s - Right: - Answer✔✔-1. Price

2. Quality

3. Quantity

4. Time

5. Manner

6.

Used to evaluate competitive contracts - Answer✔✔-1. Price

2. Other (technical & managerial)


1/9

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED,
FIRST PUBLISH SEPTEMBER 2024
Facts - Answer✔✔-1. In NJ all contracts shall be in writing.

2. A "PO" is a contract.

3. In NJ the voucher is the acceptable form of payment.

4. A "no quote" is a quote.

5. One bid is sufficent to award a contract.

6. No local preference can be given.

Prior negative experience - Answer✔✔-Period of disqualification is 5 years, exception

is if the vendor has been disbarred.

Bid rigging notification - Answer✔✔-1. County prosecuctor

2. Attorney general

Fatal flaw - Answer✔✔-1. Statement of corporate ownership (stockholder disclosure)

Project Labor Agreement "PLA" - Answer✔✔-project specific labor agreement for

projects 5 million or greater made w/various trade unions

Value engineering - Answer✔✔-5 million threshold

"Remaining amount" - Answer✔✔-means the value of similiar items for the remainder

of the current year and subsequent years.

Change order limit - Answer✔✔-cannot exceed 20% of the base contract

Retainage - Answer✔✔-to withhold up to 2% of progress payments until the project is

completed. Leverage for the owner.

6 Reasons to Reject Bid - Answer✔✔-1. Lowest bid exceeds estimate

2. Lowest bid exceeds appropriation

3. Gov't body abandons project
2/9

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 EmillyCharlotte. 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)

79223 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart