Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 3 out of 19 pages
Exam (elaborations)

OMES CPO REVIEW Exam Questions And Answers |Latest 2025 | Guaranteed Pass

Document preview thumbnail
Preview 3 out of 19 pages

©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+ 1 OMES CPO REVIEW Exam Questions And Answers |Latest 2025 | Guaranteed Pass Procurement - AnswerPurchasing, renting leasing or otherwise acquiring any supplies, services or construction; includes all functions that pertain to the acquisition, including description of requirements, selection & solicitation of sources, preparation & award of contract, & all phases of contract administration Good Faith - AnswerEach party must act with honesty & integrity & should not attempt to deceive or defraud another party Fiduciary Duty - Answer"An individual's obligation to serve the best interests of selected stakeholders [taxpayers], especially those of their employer [the state]" - NASPO Primary objective of public procurement - AnswerSatisfy the minimum need of the organization Barriers to maximum competition that disenable smaller bidders to compete - AnswerMaking solicitations unnecessarily restrictive and "bundling" items or services so that smaller bidders are unable to compete Ex: Requiring a statewide 2-hour response time on a maintenance contract that restricts the award to one vendor. A multiple-award option increases competition. Private sector vs. public sector procurement - Answer§ In the private sector, a buyer can do whatever is not prohibited by law ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+ 2 § In the public sector, a buyer can do ONLY what is authorized by law and implementing rules State Agency Chief Administrative Officer (CAO) - AnswerSign a sole source/sole brand certification In order to acquire surplus property - AnswerThe agency must contact property distribution to determine property availability. Statewide contract - AnswerWritten with a provision and a specific period allowing state agencies to place orders as acquisitions are needed. Exempt from Bid - AnswerProcurements that are made under the State Use Act are listed this way. The dollar threshold for a mandatory statewide contract - AnswerAny amount can be used to create this. A determination of bidder "responsibility" made by the contracting officer when choosing a bidder. - AnswerThe bidder must have the financial resources to complete the contracted work. Disqualified Bidder - AnswerWhat happens when any of the bid specifications are used by the bidder. The basis for contract award decisions - AnswerIn a solicitation the evaluation criteria for the award informs prospective bidders. Limit contact - AnswerDuring the solicitation process the contracting officer does this between suppliers and agency personnel

Content preview

©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+




OMES CPO REVIEW Exam Questions And
Answers |Latest 2025 | Guaranteed Pass




Procurement - Answer✔Purchasing, renting leasing or otherwise acquiring any supplies,
services or construction; includes all functions that pertain to the acquisition, including
description of requirements, selection & solicitation of sources, preparation & award of
contract, & all phases of contract administration



Good Faith - Answer✔Each party must act with honesty & integrity & should not attempt to
deceive or defraud another party



Fiduciary Duty - Answer✔"An individual's obligation to serve the best interests of selected
stakeholders [taxpayers], especially those of their employer [the state]" - NASPO



Primary objective of public procurement - Answer✔Satisfy the minimum need of the
organization



Barriers to maximum competition that disenable smaller bidders to compete - Answer✔Making
solicitations unnecessarily restrictive and "bundling" items or services so that smaller bidders
are unable to compete
Ex: Requiring a statewide 2-hour response time on a maintenance contract that restricts the
award to one vendor. A multiple-award option increases competition.



Private sector vs. public sector procurement - Answer✔§ In the private sector, a buyer can do
whatever is not prohibited by law


1

, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+


§ In the public sector, a buyer can do ONLY what is authorized by law and implementing rules



State Agency Chief Administrative Officer (CAO) - Answer✔Sign a sole source/sole brand
certification



In order to acquire surplus property - Answer✔The agency must contact property distribution
to determine property availability.



Statewide contract - Answer✔Written with a provision and a specific period allowing state
agencies to place orders as acquisitions are needed.



Exempt from Bid - Answer✔Procurements that are made under the State Use Act are listed this
way.



The dollar threshold for a mandatory statewide contract - Answer✔Any amount can be used to
create this.


A determination of bidder "responsibility" made by the contracting officer when choosing a
bidder. - Answer✔The bidder must have the financial resources to complete the contracted
work.



Disqualified Bidder - Answer✔What happens when any of the bid specifications are used by the
bidder.



The basis for contract award decisions - Answer✔In a solicitation the evaluation criteria for the
award informs prospective bidders.



Limit contact - Answer✔During the solicitation process the contracting officer does this
between suppliers and agency personnel



2

, ©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 10:40 AM A+


Reciprocity - Answer✔Something applied against a bidder whose home jurisdiction has
preference



State Agency Chief Administrative Officer (CAO) - Answer✔Required to sign the document
ratifying an unauthorized commitment



Nonresponsive - Answer✔If a vendor refuses to submit a VPAT they are considered to be this.



Lowest responsible bidder - Answer✔To be awarded construction contracts, the bidder must be
this.



To encourage collaboration - Answer✔The primary goal of the Open Range Program



Public Competitive Bidding Act - Answer✔Law that prescribes provisions for bid notices and
contract award for public construction projects



The procurement process begins - Answer✔The product or service need has been identified



Acquisitions greater than $5000.01 and less than 10K require... - Answer✔3 quotes from
registered bidders



Request for Quotation (RFQ) - Answer✔This is the most appropriate type of solicitation for
informal competitive solicitations



A fair and reasonable acquisition - Answer✔Goods or services valued at less than $5000 can be
purchased by a State Agency because it's considered this type of acquisition



Bond Oversight Commission - Answer✔Approves a lease-purchase agreement for real or
personal property or equipment

3

Document information

Uploaded on
April 16, 2025
Number of pages
19
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
$12.99

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Brightstars
3.3
(38)
Sold
253
Followers
7
Items
13601
Last sold
5 days ago


Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions