CPPB Domain IV - Contract Development and Management Questions and Answers 2024/2025
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Course
CPPB
Institution
CPPB
6 Elements of a Contract
1)Offer and Acceptance 2)Definiteness 3)Legal Consideration 4)Mutuality of
Obligation 5)Competent Parties 6)Legal Purpose
Element of a Contract: Offer and Acceptance
A promise or comittment to do, or not do, a specified thing in the future. Example:
provide a...
CPPB Domain IV - Contract Development
and Management Questions and Answers
2024/2025
6 Elements of a Contract
1)Offer and Acceptance 2)Definiteness 3)Legal Consideration 4)Mutuality of
Obligation 5)Competent Parties 6)Legal Purpose
Element of a Contract: Offer and Acceptance
A promise or comittment to do, or not do, a specified thing in the future. Example:
provide a good or service. An acceptance is a promise to do something in response to
an offer.
Element of a Contract: Definiteness
The material terms of an agreement that are specifically expressed. Specificity is
required because agreements that are vague cannot be enforced.
Element of a Contract: Legal Consideration
Something of consideration which is exchanged between parties that serves to form or
bind a contract. Usually considered an exchange of money for goods/services.
Element of a Contract: Mutuality of Obligation
All parties to an agreement are obligated or none of the parties are obligated.
Element of a Contract: Competent Parties
Classes of persons that the law deems are capable of entering into an agreement.
Those capable of making independent decisions.
The law will not enforce agreements which are for illegal acts. An agreement can only
be for what is allowed by law.
Type of Contract: Express Contract
Written or oral and is created when the formal elements for establishing a contract
exist. Terms and Conditions are considered express. They include everything the
parties deem important.
Type of Contract: Implied-In-Fact Contract
Occurs when some of the formal contractual elements occur through a person's conduct
rather than being explicitly stated in words.
Contract Administration Plan (CAP)
Provides the framework for effective contract administration with an emphasis on
process, output, and outcome. Focuses on how the contract will be administered and
managed throughout its lifecycle. Typically includes details such as the roles and
responsibilities of the contracting officer, reporting requirements, invoicing procures,
compliance requirements, and any specific terms and conditions.
Performance Assessment Plan (PAP)
Based on the technical requirements and terms and conditions of the contract and
ensures that the entity is receiving the supplies or services to which it is entitled.
Focused on evaluating and assessing the contractor's performance during the execution
of the contract. Used to measure how well the contractor is meeting the requirements
and objectives. Typically outlines the performance standards, criteria, and metrics that
will be used to assess the performance. May include performance milestones, quality
standards, and evaluation methods.
Main Difference between CAP and PAP
CAP is primarily concerned with overall management of a contract, while PAP is
specifically designed to measure and evaluate the contractor's performance against
predefined standards and criteria outlined in the contract.
Surveillance Techniques
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