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FCCM Study Set Questions and Correct Answers the Latest Update and Recommended Versio $13.09   Add to cart

Exam (elaborations)

FCCM Study Set Questions and Correct Answers the Latest Update and Recommended Versio

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  • Course
  • FCCM
  • Institution
  • FCCM

Florida Commission On Ethics Responsible for defining and enforcing ethical standards (update) Limited Financial Disclosure Must be filed by any employee with the power to make purchases exceeding $35,000 and must be filed annually with commission on ethics by July 1. Failure to file can lea...

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  • October 23, 2024
  • 39
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FCCM
  • FCCM
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FCCM Study Set Questions and Correct
Answers the Latest Update and
Recommended Version
Florida Commission On Ethics

✓ Responsible for defining and enforcing ethical standards (update)


Limited Financial Disclosure

✓ Must be filed by any employee with the power to make purchases exceeding $35,000
and must be filed annually with commission on ethics by July 1. Failure to file can lead to
fines of $25 per day for each day after September 1 up to $1500


Attestation of non-competitive Procurement

✓ Strongly recommended. For non-competitive Procurement in excess of category two you
must a test in writing that you are independent of and have no conflict of interest in the
entities evaluated and selected.


Invitation to Bid Priority is...

✓ Price


Request for Proposal priority is...

✓ Price plus quality


Invitation to Negotiate priority is...

✓ Best Value (to Florida based on price, quality, design, work)


What category requires a 3 person panel?


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✓ Category 4 195k and higher


Where must all competitive solicitations be posted?

✓ Vendor Bid System VBS


Where must you notice public meetings?

✓ Florida Administrative Register (FAR)


At what contract level is competitive solicitation required?

✓ Category 2 35k or higher


At what contract level is a Limited Financial Disclosure Required?

✓ Category 2 35k or higher


What payment method is used when a project is divided into intervals with payment

distributed at those intervals?

✓ Fixed Price


What documents are commonly included in a competitive solicitation?

✓ Scope of Work
✓ BOTH PUR Forms
✓ Special instructions to respondents
✓ Special Contract Conditions


What contract category must be reviewed and approved at the programmatic, financial and

legal levels?

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✓ Category 3 65k or higher


How much time do you have to file an INTENT to protest?

✓ 72 hours


How many days does the contract manager have to inspect goods/services?

✓ 5 working days


How much time does that Agency have to file and approve with the CFO?

✓ 20 days


Decision makers during procurement cannot work for that contractor on that contract for how

long?

✓ The life of the contract


How many years after retirement or termination must a contract manager not have

employment with businesses in the contracts they managed?

✓ 2


Where do you file FORM 1?

✓ Florida Commission on Ethics


What is the deadline to file FORM 1 and how frequently?

✓ July 1 annually



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What is the prohibited percentage of business ownership for you or relatives related to

procurement with the state?

✓ 5% or higher


What is in the Cost Analysis?

✓ DFS:
✓ Deliverables
✓ Financial Requirements or Consequences???
✓ Scope of Work


What 4 criteria does a cost analysis meet?

✓ ALLOWABLE (statutory authority)
✓ NECESSARY (crucial to success)
✓ REASONABLE (going rate)
✓ ALLOCATION (% we pay)


Cost analysis is legally required for...

✓ all non competitive agreements awarded


Who performs the cost analysis?

✓ Agency


When is a cost analysis a recommended best practice?

✓ Competitively procured agreements with recipients/sub recipients and cost reimbursement.


A cost analysis is always done _______ the award.


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