FCCM REAL ESTATE EXAM QUESTIONS AND ANSWERS
Cost Reimbursement - Answer-The provider submits a request for reimbursement and is reimbursed for allowable cost incurred that are directly related to the commodities or services in the contract/grant.
Fixed price - Answer-Project is divided into in...
FCCM REAL ESTATE EXAM QUESTIONS
AND ANSWERS
Cost Reimbursement - Answer-The provider submits a request for reimbursement and
is reimbursed for allowable cost incurred that are directly related to the commodities or
services in the contract/grant.
Fixed price - Answer-Project is divided into intervals and payment is distributed at those
intervals.
*Bi-weekly
* Monthly
* Quarterly
Fixed rate - Answer-Payments are based on a fixed rate.
*Hourly rate of pay
*Per unit delivered
Combination - Answer-Any of the payment methods listed on the previous slide may
also be used.
Stage 2: Competitive Solicitation Methods - Answer-Invitation to Bid (ITB) = Price
Request for Proposals (RFP) = Price + Quality
Invitation to Negotiate (ITN)= Best Value
Stage 3: Competitive Solicitation Documents must include - Answer-* General
Instruction to Respondent (PUR 1001)
*General Contract Conditions (PUR 1000)
Should a Procurement officer serve on the evaluation team? - Answer-No, if the
category Four or higher; should have 3 people on the evaluation team.
Once a competitive solicitation is released, members of an evaluation team or
negotiation team can or cannot discuss? - Answer-Cannot
Post competitive solicitation is handle on?
Post notices of public meetings is handle on? - Answer-1. vendor bid system (VBS)
2. Florida administrative register. (FAR)
What are the methods to respond to vendor questions while a solicitation is active? -
Answer-* Pre-response conference
* Written question and answer period
* Directly contact procurement officer
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