QPA EXAM 4 QUESTIONS AND 100%
CORRECT ANSWERS!!
List 5 local Cooperative Purchasing Systems
1.Cooperative Pricing System
2.Joint Purchasing
3. Commodity Resale System
4. County Cooperative Contract Purchasing
5. Regional Cooperative Pricing
In addition to local cooperative purchasing systems, a contracting unit may without
advertising for bids or having rejected all bids, purchase any goods or service under any
contract or contracts for such goods or services entered into on behalf of the state by the
Division of Purchase and Property in the department of the treasury.
True
List Major Methods of Vendor Selection
1.Competitive Sealed Bids
2. Competitive Contracting
3. Competitive Quotations
4.Proprietary Purchases
5.Emergency Purchases
What are the 6 types of contracts that Public Entities can use?
1.Firm Fixed Price Agreements
2.Agreements with Escalation Provisions
3.Time and Material Agreements
4.Open End Agreements
5.Lease Agreements
6.Lease with an Option to Purchase Agreements
,Under Contract Conditions, is the main function of a guarantee is to reduce the buyer's
sense of risk at the the time of purchase or after the time of purchase?
at the the time of purchase
When dealing with local government procurement, once an offer is terminated, by
whatever means and for whatever reason, may it be revived and amended?
No
What are the three acts in the formation of a contract?
1.The Offer
2. The acceptance
3. The consideration
List 4 basic elements that must be present in any contractual situation, the absence of any
which will prevent the creation of an enforceable contract.
1. Lawful
2. capable
3. mutual
4. cause
Pursuant to NJSA 40A11-13 "Specifications" Any prospective bidder who wishes to
challenge a bid specification shall file such challenges in writing with the contracting agent
no less than how many days prior to the bid opening?
Three business days
Pursuant to NJSA 40A: 11-13 "Specifications" Any specification for the provision or
performance of goods or services shall be drafted in a manner to encourage________
Free, Open and competitive bidding
Pursuant to NJSA 40A:11-6.1 "Award of Contracts" Generally, all contracts that in the
aggregate are less than the bid threshold but 15 percent or more of that amount, the
contracting agent shall award the contract after soliciting how many competitive quotes?
, At least two if practicable
Pursuant to NJSA40A:11-6.1 "Emergency Contracts" A contract may be negotiated or
awarded for a contracting unit without public advertising for bids and bidding therefore,
notwithstanding that the contract price will exceed the bid threshold, when an emergency
affects the public ________, _________or____________.
The public, health, safety or welfare which requires the immediate delivery of goods or the
performance of services, the official in charge shall notify the purchasing agent, or designated
representative of the governing body.
Of the need for the contract, the nature of the emergency and the time of its occurrence.
Under the law, price fixing and bid rigging schemes are per se violations under the
Sherman act. Price fixing when manufacturers attempt to force the retailer to charge the
suggested retail price is what type of price fixing?
Vertical
Finance notices LFN 2018-13. A local unit may waive a claimant certification for the
advance or reimbursement of employee expense, or for services provided exclusively and
entirely by an individual?
False
Local finance notices LFN 2018-13. List at least three types of procurement when a local
unit is permitted to issue payment to vendors "in advance" of delivery of materials or
services.
1.Payment obligations to the state or federal governments.
2. Membership in a non-profit organization.
3. Educational courses, including, but not limited to, those whom continuing education credits
are awarded.
4. Registration for a conference or convention sponsored by a nonprofit organization.
5. Website hosting, including registration and maintenance of a domain name.
CORRECT ANSWERS!!
List 5 local Cooperative Purchasing Systems
1.Cooperative Pricing System
2.Joint Purchasing
3. Commodity Resale System
4. County Cooperative Contract Purchasing
5. Regional Cooperative Pricing
In addition to local cooperative purchasing systems, a contracting unit may without
advertising for bids or having rejected all bids, purchase any goods or service under any
contract or contracts for such goods or services entered into on behalf of the state by the
Division of Purchase and Property in the department of the treasury.
True
List Major Methods of Vendor Selection
1.Competitive Sealed Bids
2. Competitive Contracting
3. Competitive Quotations
4.Proprietary Purchases
5.Emergency Purchases
What are the 6 types of contracts that Public Entities can use?
1.Firm Fixed Price Agreements
2.Agreements with Escalation Provisions
3.Time and Material Agreements
4.Open End Agreements
5.Lease Agreements
6.Lease with an Option to Purchase Agreements
,Under Contract Conditions, is the main function of a guarantee is to reduce the buyer's
sense of risk at the the time of purchase or after the time of purchase?
at the the time of purchase
When dealing with local government procurement, once an offer is terminated, by
whatever means and for whatever reason, may it be revived and amended?
No
What are the three acts in the formation of a contract?
1.The Offer
2. The acceptance
3. The consideration
List 4 basic elements that must be present in any contractual situation, the absence of any
which will prevent the creation of an enforceable contract.
1. Lawful
2. capable
3. mutual
4. cause
Pursuant to NJSA 40A11-13 "Specifications" Any prospective bidder who wishes to
challenge a bid specification shall file such challenges in writing with the contracting agent
no less than how many days prior to the bid opening?
Three business days
Pursuant to NJSA 40A: 11-13 "Specifications" Any specification for the provision or
performance of goods or services shall be drafted in a manner to encourage________
Free, Open and competitive bidding
Pursuant to NJSA 40A:11-6.1 "Award of Contracts" Generally, all contracts that in the
aggregate are less than the bid threshold but 15 percent or more of that amount, the
contracting agent shall award the contract after soliciting how many competitive quotes?
, At least two if practicable
Pursuant to NJSA40A:11-6.1 "Emergency Contracts" A contract may be negotiated or
awarded for a contracting unit without public advertising for bids and bidding therefore,
notwithstanding that the contract price will exceed the bid threshold, when an emergency
affects the public ________, _________or____________.
The public, health, safety or welfare which requires the immediate delivery of goods or the
performance of services, the official in charge shall notify the purchasing agent, or designated
representative of the governing body.
Of the need for the contract, the nature of the emergency and the time of its occurrence.
Under the law, price fixing and bid rigging schemes are per se violations under the
Sherman act. Price fixing when manufacturers attempt to force the retailer to charge the
suggested retail price is what type of price fixing?
Vertical
Finance notices LFN 2018-13. A local unit may waive a claimant certification for the
advance or reimbursement of employee expense, or for services provided exclusively and
entirely by an individual?
False
Local finance notices LFN 2018-13. List at least three types of procurement when a local
unit is permitted to issue payment to vendors "in advance" of delivery of materials or
services.
1.Payment obligations to the state or federal governments.
2. Membership in a non-profit organization.
3. Educational courses, including, but not limited to, those whom continuing education credits
are awarded.
4. Registration for a conference or convention sponsored by a nonprofit organization.
5. Website hosting, including registration and maintenance of a domain name.
