Method of sealed bids Study guides, Class notes & Summaries

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...

CSMP Exam 39 Questions with Verified Answers Prior to developing a CMSP, who should you contact to obtain latest copy of their guide - CORRECT ANSWER Servicing MLC Detailed estimate should include - CORRECT ANSWER Labor hours, materials, subcontractor costs Email routing of pics, sketches, charts, etc. are encouraged to do what? (submitted in CMPLUS) - CORRECT ANSWER Supplement Info Equipment & structures that need to be removed to accomplish work - CORRECT ANSWER Interferences On...

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...

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...

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...

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...

Surety - 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 indication by one party of a willingness to ...

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...

Surety correct answers A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability correct answers the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. acceptance correct answers 1. Indication that all parties to the contract agree to be bound by the terms of the contract. 2. An indication by one party...

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 ...