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Exam (elaborations)

QPA EXAM Prep Study Guide with Complete Solutions

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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...

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  • October 7, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Qpa
  • Qpa
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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
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