Bidding procedure - Study guides, Class notes & Summaries

NIGP Exam Questions and Answers All Correct A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder based on a monetary combination of the contract bid items (A) and the time (B) needed to complete the project or a critical portion of the project. It is used to motivate the contractor to minimize the overall time on high priority and high usage projects. This encourages contractors to finish early by (1) offering bonuses for early completion and (2) assessing fi...

TFM08 Exam Questions And Answers 100% Verified Fire Protection Sprinkler System - answeran assembly of underground or overhead piping or conduits that conveys water with or without other agents to dispersal openings or devices to: (A) extinguish, control, or contain fire; and (B) provide protection from exposure to fire or the products of Fire protection sprinkler system contractor - answeran individual or organization that offers to undertake, represents itself as being able to undertake...

CTCD TEST QUESTIONS AND ANSWERS State agencies must post solicitations to ESBD with a value of ____________? $25,000 The majority of SPD contracts are processed through what system? Texas Smartbuy Vendor Performance Tracking System is required at what level? $25,000 Agency procurement plans are due annually on 11/30? True _________ is an explicit act of using one's position to favor a relative. Nepotism Consanguinity & Affinity Relationship is to the First & Second degree? True 1...

CFCM Final Exam 2024/2025 Questions with Complete Solution CFCM Final Exam 2024/2025 Questions with Complete Solution A cash fund of fixed amount established by an advance of funds, for disbursement in cash for relatively small amounts is called what? - Answer Imprest fund A contract for demolition of a public building, without any further construction work, is subject to which of the following? - Answer Only the Service Contract Labor Standards statute A contract t...

Auction Exam Questions With 100% Correct Answers Absentee Bid - answerA procedure that allows a bidder to participate in the bidding process without being physically present. Generally, a bidder submits an offer on an item prior to the auction. Absentee bids are usually handled under an established set of guidelines by the auctioneer or auction company. The particular rules and procedures of absentee bids are unique to each auction company. Absentee Bidder - answerA person (or entity) tha...

CIPS LEVEL 3 MODULE 1 EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ What does STEEPLED stand for? (External factors - macro environment) Correct Answer: Sociological, technological, economic, environmental, political, legal, ethical, demographic How many employees does a micro business have? Correct Answer: Less than 10 How many employees does a small business have? Correct Answer: Less than 50 How many employees does a medium business have? Correct ...

The builder or contractor shall deliver to the customer, when construction is involved: fully executed copies of all agreements, including plans and specifications Whitie Nowak built a house in January. It was sold in February and Renfru Zetz moved in at completion in September of the same year. The following year in December the pipes froze. Who's responsible for the damage? builder Which is not a requirement to obtain a builder's license? taking a builder's course and a one...

CFCM Final Exam 2024/2025 Questions with Complete Solution CFCM Final Exam 2024/2025 Questions with Complete Solution A cash fund of fixed amount established by an advance of funds, for disbursement in cash for relatively small amounts is called what? - Answer Imprest fund A contract for demolition of a public building, without any further construction work, is subject to which of the following? - Answer Only the Service Contract Labor Standards statute A contract t...

CFE Exam 349 Questions with Verified Answers Falsified Hours & Salary Schemes - CORRECT ANSWER The most common method of misappropriating funds from the payroll is the overpayment of wages. For hourly employees, the size of a paycheck is based on two factors: the number of hours worked and the rate of pay. Therefore, for hourly employees to fraudulently increase the size of their paycheck, they must either falsify the number of hours they have worked or change their wage rate. Common ways ...

Pre-Award Phase - correct answer (1st phase of contracting life cycle) This phase involves all work performed by the buyer (Government or prime contractor) and seller (contractor or subcontractor) in communicating the buyer's requirements and providing a solution to those requirements. What activities make up the Pre-Award Phase? - correct answer 1) Develop Solicitation 2) Develop Offer Award ...