NIGP – CPP EXAM WITH ANSWERS \| \| \| \| \|
You are leading the procurement for a new enterprise resource planning IT
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system that will be deployed across the entity. Proposers likely will use various
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subcontractors for integration, project management, and training. The users
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have expressed concern about financial viability of the successful contractor;
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the entity does not have the financial resources to mitigate risk from a default.
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What requirement would best protect the entity? - CORRECT ANSWERS
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✔✔Legal or statutory requirements \| \| \|
You are leading the procurement for a new enterprise resource planning IT
\| \| \| \| \| \| \| \| \| \| \| \|
system that will be deployed across the entity. Proposers likely will use various
\| \| \| \| \| \| \| \| \| \| \| \| \|
subcontractors for integration, project management, and training. The users
\| \| \| \| \| \| \| \| \|
have expressed concern about financial viability of the successful contractor;
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the entity does not have the financial resources to mitigate risk from a default.
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What requirement would best protect the entity? - CORRECT ANSWERS
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✔✔Performance bond \|
Which type of contract pricing is appropriate when market or labor conditions
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are unstable over an extended production period? - CORRECT ANSWERS
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✔✔Fixed price with escalation \| \| \|
Statutes, ordinances, charters, rules, regulations, policies and procedures are
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all examples of: - CORRECT ANSWERS ✔✔Contract terms and conditions
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, The Statute of Frauds is a 1677 device passed by the English Parliament and
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carried down to us by common law and the actions of state legislatures that: -
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CORRECT ANSWERS ✔✔Requires certain promises and agreements to be
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evidenced in writing \| \|
The three types of competition found in the market place are: - CORRECT
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ANSWERS ✔✔Pure, imperfect and monopoly \| \| \| \|
What is the bidder's obligation when a bid that was accepted by the agency
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contained minor clerical errors? - CORRECT ANSWERS ✔✔The bidder must
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perform the contract. \| \|
Price fixing, bid rigging and restraints of trade are prohibited by this first of its
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kind federal act. - CORRECT ANSWERS ✔✔Sherman Anti-Trust Act
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Assignment clauses are often included in solicitations and contracts. What are
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they and why do we need them? - CORRECT ANSWERS ✔✔Assignment
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allows either party to assign or transfer their rights, obligations, or property to
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another. We need them in case the contracted party terminates service by
\| \| \| \| \| \| \| \| \| \| \| \|
going out of business or can't fulfil their obligation but can replace with a
\| \| \| \| \| \| \| \| \| \| \| \| \| \|
suitable substitution preventing the ending the agreement.
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A good bid specification does all of the following except: - CORRECT
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ANSWERS ✔✔Allow the vendor to choose which requirements he will meet.
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You are leading the procurement for a new enterprise resource planning IT
\| \| \| \| \| \| \| \| \| \| \| \|
system that will be deployed across the entity. Proposers likely will use various
\| \| \| \| \| \| \| \| \| \| \| \| \|
subcontractors for integration, project management, and training. The users
\| \| \| \| \| \| \| \| \|
have expressed concern about financial viability of the successful contractor;
\| \| \| \| \| \| \| \| \| \|
the entity does not have the financial resources to mitigate risk from a default.
\| \| \| \| \| \| \| \| \| \| \| \| \| \|
What requirement would best protect the entity? - CORRECT ANSWERS
\| \| \| \| \| \| \| \| \| \|
✔✔Legal or statutory requirements \| \| \|
You are leading the procurement for a new enterprise resource planning IT
\| \| \| \| \| \| \| \| \| \| \| \|
system that will be deployed across the entity. Proposers likely will use various
\| \| \| \| \| \| \| \| \| \| \| \| \|
subcontractors for integration, project management, and training. The users
\| \| \| \| \| \| \| \| \|
have expressed concern about financial viability of the successful contractor;
\| \| \| \| \| \| \| \| \| \|
the entity does not have the financial resources to mitigate risk from a default.
\| \| \| \| \| \| \| \| \| \| \| \| \| \|
What requirement would best protect the entity? - CORRECT ANSWERS
\| \| \| \| \| \| \| \| \| \|
✔✔Performance bond \|
Which type of contract pricing is appropriate when market or labor conditions
\| \| \| \| \| \| \| \| \| \| \| \|
are unstable over an extended production period? - CORRECT ANSWERS
\| \| \| \| \| \| \| \| \| \|
✔✔Fixed price with escalation \| \| \|
Statutes, ordinances, charters, rules, regulations, policies and procedures are
\| \| \| \| \| \| \| \| \|
all examples of: - CORRECT ANSWERS ✔✔Contract terms and conditions
\| \| \| \| \| \| \| \| \|
, The Statute of Frauds is a 1677 device passed by the English Parliament and
\| \| \| \| \| \| \| \| \| \| \| \| \| \|
carried down to us by common law and the actions of state legislatures that: -
\| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
CORRECT ANSWERS ✔✔Requires certain promises and agreements to be
\| \| \| \| \| \| \| \| \|
evidenced in writing \| \|
The three types of competition found in the market place are: - CORRECT
\| \| \| \| \| \| \| \| \| \| \| \| \|
ANSWERS ✔✔Pure, imperfect and monopoly \| \| \| \|
What is the bidder's obligation when a bid that was accepted by the agency
\| \| \| \| \| \| \| \| \| \| \| \| \| \|
contained minor clerical errors? - CORRECT ANSWERS ✔✔The bidder must
\| \| \| \| \| \| \| \| \| \|
perform the contract. \| \|
Price fixing, bid rigging and restraints of trade are prohibited by this first of its
\| \| \| \| \| \| \| \| \| \| \| \| \| \| \|
kind federal act. - CORRECT ANSWERS ✔✔Sherman Anti-Trust Act
\| \| \| \| \| \| \| \|
Assignment clauses are often included in solicitations and contracts. What are
\| \| \| \| \| \| \| \| \| \| \|
they and why do we need them? - CORRECT ANSWERS ✔✔Assignment
\| \| \| \| \| \| \| \| \| \| \|
allows either party to assign or transfer their rights, obligations, or property to
\| \| \| \| \| \| \| \| \| \| \| \| \|
another. We need them in case the contracted party terminates service by
\| \| \| \| \| \| \| \| \| \| \| \|
going out of business or can't fulfil their obligation but can replace with a
\| \| \| \| \| \| \| \| \| \| \| \| \| \|
suitable substitution preventing the ending the agreement.
\| \| \| \| \| \|
A good bid specification does all of the following except: - CORRECT
\| \| \| \| \| \| \| \| \| \| \| \|
ANSWERS ✔✔Allow the vendor to choose which requirements he will meet.
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