Sealed bidding - Study guides, Study notes & Summaries

CLC 222 Module Two Latest Update Graded A+ existing contract including all options COR can assist negotiation and sealed bidding negotiations allow for communication conracting methods available all these are correct Independent government estimate an independent detailed assessment purpose of evaluation factors offerer can be evaluated A statement of work work/ location/ period/ deliverable A purchase request is an TRUE The two techniques Lowest Price Technically Acce...

CPCM Pre-Award Practice Test Questions with Answers Which of the following is true of an RFQ? - Answer-a. The RFQ is an offer by the buyer B. THE RFQ MAY BE FOLLOWED BY A PURCHASE ORDER THAT IS AN OFFER BY THE BUYER c. The RFQ is an informal version of the RFP d. The RFQ results in proposal selection by the buyer A buyer who wanted to ensure that the contractor managed costs effectively would likely prefer which of the following types of contract? - Answer-Cost-plus-incentive-fee Wh...

Surety - ANSWER a pledge or guarantee by an insurance company, bank, individual or corporation on behalf of a bidder or offeror which protects against default or failure of the principal 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 or a higher authority for the outcome. acceptance - ANSWER 1. Indication that an offeree is bound by the terms of the offer. ...

What is a Contracting Officer Representative? - ACCURATE ANSWERA technical representative that is appointed by the contracting officer through a designation letter The procuring Contracting Officer, Administrative Contracting Officer, Termination Contracting Officer, and the Contracting Officer's Representative are key players in the acquisition process. From the following statements, choose the correct answer: - ACCURATE ANSWERThe contracting officer appoints the contracting officer's repr...

Which one of the following contract types is considered an incentive type contract? 1. Cost Contract 2. Firm Fixed Price 3. Time and Material Contracr 4. Cost Plus Award Fee Contract - ANSWER Cost Plus Award Fee Contract (FAR 16.401(e)) Which one of the following is a characteristic of cost reimbursable type contracts? 1. Requires Maximum Gov Surveillance 2. The contractor shall deliver or risk default 3. Profit is not limited 4. The risk to the contractor is high - ANSWER 1. Require...

Surety - Correct 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 - Correct 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 - Correct Answer-1. Indication that all parties to the contract agree to be bound by the terms of the contract. 2. An indication by one pa...

Surety - a pledge or guarantee by an insurance company, bank, individual or corporation on behalf of a bidder or offeror which protects against default or failure of the principal to satisfy the contractual obligations. accountability - The principle that employees who accept an assignment and the authority to carry it out are answerable to a superior or a higher authority for the outcome. acceptance - 1. Indication that an offeree is bound by the terms of the offer. 2. An indication by o...

What is a Contracting Officer Representative? : A technical representative that is appointed by the contracting officer through a designation letter The procuring Contracting Officer, Administrative Contracting Officer, Termination Contracting Officer, and the Contracting Officer's Representative are key players in the acquisition process. From the following statements, choose the correct answer: : The contracting officer appoints the contracting officer's representative in writing I...

Used to award negotiated contracts in which signatures of both parties on a single document is appropriate. - ANSWERSF 26 Used to amend any solicitation or modify any contract. - ANSWERSF 30 May be used to award either negotiated contracts or contracts utilizing sealed bidding. - ANSWERSF 33 Used for simplified acquisitions at or below the micro-purchase threshold, except for purchases under unusual and compelling urgency or in support of contingency operations. - ANSWERSF 44 Prescribed for ...

NIGP CPPO Certification Exam Questions & Answers 2024/2025 Surety - ANSWERSa pledge or guarantee by an insurance company, bank, individual or corporation on behalf of a bidder or offeror which protects against default or failure of the principal to satisfy the contractual obligations. accountability - ANSWERSThe principle that employees who accept an assignment and the authority to carry it out are answerable to a superior or a higher authority for the outcome. acceptance - ANSWERS1. ...