Contract process - Study guides, Class notes & Summaries

The final step a licensee will take when preparing a CMA is: 1. Choosing comparables 2. Estimating a reasonable selling price range 3. Making adjustments to comparables 4. Collecting and analyzing information - Answer- CORRECT ANSWER: Estimating a reasonable selling price range A broker price opinion must include what the price was based on and: 1. License number 2. The broker's phone number 3. Applicable market data 4. A legal description - Answer- CORRECT ANSWER: Applic...

CIPS L6M5 - Strategic Programme Leadership LO2 Exam Questions & Answers 2024/25 Fixed pricing - ANSWERSFixed pricing is a strategy in which a supplier estimates their cost and fees and uses that price to bid for the contract. Variable pricing (cost plus pricing) - ANSWERSVariable pricing (cost plus pricing) is when a supplier buys at the market price and sells at this plus margin. Buyers cost may in/ or decrease This means that market fluctuations are therefore passed onto the buy...

#1. During the inspection process, restorers shall make a reasonable effort to - ANSWER-C. identify and address potential safety hazards #2. A significant amount of water absorption and evaporation load where wet porous materials represent ~5% to ~40% of combined ceiling, walls, and flooring surface areas and where low evaporation materials and assemblies are minimally wet is - ANSWER-B. class 2 #3. Multiple extraction of salvageable materials, especially porous material (e.g. Carpet , cus...

CLC 056 exam Analyzing Contract Costs Exam (contains 55 questions) • Here is your test result.The dots represent the choices you have made. • The highlighted questions are the questions you have missed. • Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. The offeror customarily treats similar costs as “other direct costs” under similar circumstances The proposed cost benefits only the proposed contract work Th...

What are the three contracting life cycle phases -:- Pre-award, Award, and Post-award Define the pre-award phase -:- Invokes all work performed by both the buyer (Gov't or Prime Contractor) and seller (contractor or sub) in communicating the buyer's requirements and providing a solution to those requirements What typically starts before the contracting process? -:- Requirement definition, budgeting/funding process, and acquisition planning. The pre-award phase consist of what two ...

The purpose of Construction Quality Management is to: - Answer- Achieve the quality established by properly developed requirements through the combined responsibility, but seperate efforts of contractpr smd government personnel. Construction Quality Management is the performance of tasks, which ensure that construction is performed. - Answer- According to plans and specifications, on time, within a defined budget and a safe work environment. Partnering relationships are based upon: - Answe...

Well-structured IOP3705 Assignment 4 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... CASE STUDY: Read the following case study carefully and answer the questions that follow. BlueSkies Airlines made a breakthrough in the airline industry, known for poor customer service and disgruntled employees. The low-cost airline entered the market in 2012 and has managed to survive competition from major airlines. As BlueSkies grew and changed, a cultu...

FSE 2080 Funeral Law Midterm Latest Version Graded A+ Abatement This term refers to a reduction in the amount of a bequest specified in a will when the estate does not have enough assets to cover it fully. Ademption This concept involves the loss or cancellation of a bequest because the decedent no longer owned the item or property specified at the time of their death. Administrator A person appointed by the court to handle the affairs of an estate for someone who has died inte...

Question 2 Not yet answered Marked out of 1.00 Flag question Question text The following information was obtained from the accounting records of SA Attorneys: On 1 April 2022, A South, a client of the practice, handed a cheque to the amount of R100 000 to Mr Africa and requested him to invest the money in a fixed deposit account at ABC Bank until the money is paid over for a property transaction. Which one of the following statements is incorrect for the above type of investment? Select one:...

COR 106 Questions and Answers Latest Update Graded A+ The services contracting that the Gov. prefers not to use ... All the answers are correct Bilateral modifications are used to: Make negotiated equitable adjustments and definitize change orders The COR is authorized to: Provide technical direction that does not change the contract in accordance with the Letter of designation received from the Contracting officer Which of the following individuals has expressed authority to enter into a...