Method of sealed bids - Study guides, Class notes & Summaries

CON 090 FAR FUNDAMENTALS Exam Questions and Answers | Latest Update | 100% Verified. Where can I find the FAR? The FAR is available in print from the Government Printing Office as part of the Code of Federal Regulations, or from private publishers. However, it is arguably most conveniently accessed online, where it is available in either PDF or HTML format, at An unofficial version of the FAR is also available at . 3. What agencies are subject to the FAR? The FAR applies to most executiv...

CAT-RAD - POD - Correct Answer-Program conducts solicitation reviews and delegation of purchasing authority to state agencies for service contracts which have an anticipated value of $100,00 or greater. Purchasing - Correct Answer-The receipt and processing of requisitions, development of specifications, development of statement of work, the issuance of purchase orders against existing cooperative of agency contracts, and the verification of the inspection of merchandise or receipt of servi...

Less than $10,000 -  Sound Business Practices-ensuring the receipt of a favorable price by periodically soliciting price lists or quotes. At least $10,000 but not more than $50,000 -  Written Price Quotations-solicit at least 3 written quotes from vendors that customarily provide the supplies or services you are procuring, and award the contract to the responsible vendor who gives you the lowest written quote that meets your purchase description. Responsible Vendor -  Under...

CPPB FINAL EXAM QUESTIONS AND ANSWERS (COMPLETE SOLUTION 2023/2024). Progress payments assure acceptable performance and progress on a contract. Commensurate with the progress made on the contract and are a method for financing the contractor throughout the life of the contract. The benefit of using a fixed-price with escalation contract would be: A. The vendor is protected against unusual price increases. B. The buyer has less contract administration to deal with. C. The vendor has increa...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - Answer standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the supplier's o...

NIGP Terms Volume III Exam Questions and Answers Advance Payments - Answer-Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods and services. Payments may be for a stated amount or for a percentage of the purchase price. Sometimes referred to as Cash in Advance. Agreement - Answer-An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes ...

Wide Area Workflow (WAWF) is a paperless contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD Contracting lifecycle. The goal is to enable authorized Defense contractors and DoD personnel the ability to create invoices and receiving reports and access contract related documents. . True . False - . True When assessing a contractor's performance, a COR may monitor in all of the following ways EXCEPT: . Review Progress Reports . E...

When all mandatory requirements of a bid are met, what is the value of competitive quotes and competitive sealed bids?  Drives a decision based on price. What is the purpose of a cost analysis?  Helps determine the supplier's costs actually incurred for nonstandard items. The sheriff's department is planning on acquiring a scanner to be used on work-release inmates entering and leaving the jail. The scanner will have a life span of 10 years. The price for the scanner is $11...

Wide Area Workflow (WAWF) is a paperless contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD Contracting lifecycle. The goal is to enable authorized Defense contractors and DoD personnel the ability to create invoices and receiving reports and access contract related documents. . True . False - Answer-. True When assessing a contractor's performance, a COR may monitor in all of the following ways EXCEPT: . Review Progress Repor...

CPPB Exam Questions and Answers 100% AccurateSurety - ANSWER-A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability - ANSWER-the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. acceptance - ANSWER-1. Indication that all parties to the contract agree to be bound by the terms of the contract. 2. An...