FCCM EXAM QUESTIONS PERFECTLY SOLVED LATEST UPDATES
A person who has working or expert knowledge about a particular topic or field - Answer-Subject Matter Expert
"A term contract that is competitively procured by the department pursuant to s. 287.057 and that is used by agencies and eligible ...
FCCM EXAM QUESTIONS PERFECTLY
SOLVED 2024-2025 LATEST UPDATES
A person who has working or expert knowledge about a particular topic or field -
Answer-Subject Matter Expert
"A term contract that is competitively procured by the department pursuant to s. 287.057
and that is used by agencies and eligible users pursuant to s. 287.056." - Answer-State
Term Contract
An individual, who is not likely to become a provider, who has an interest in the
commodities/contractual services needed. - Answer-Stakeholder
"A written or electronically posted solicitation for competitive sealed proposals." -
Answer-Request for Proposal (RFP)
"A written or electronically posted request made by an agency to vendors for information
concerning commodities or contractual services. Responses to these requests are not
offers and may not be accepted by the agency to form a binding contract." - Answer-
Request for Information (RFI)
An identified lack of a commodity or contractual service that an agency or program area
requires to complete its normal business or fulfill its mission. - Answer-Procurement
Need
Agency personnel who are responsible for making purchases or engaging in the
procurement process. - Answer-Procurement Staff
A term of art which describes an agency decision that allows a provider to file a protest.
- Answer-Point of Entry
A business need that a commodity or contractual service will fulfill. - Answer-Critical
Business Requirements
"The process of requesting and receiving two or more sealed bids, proposals, or replies
submitted by responsive vendors in accordance with the terms of a competitive process,
regardless of the method of procurement." - Answer-Competitive Solicitation
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.
Cost can only be reimbursed if payment has been made. - Answer-Cost
Reimbursement
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