QPA FINAL EXAM QUESTIONS AND 100%
CORRECT ANSWERS!!
how long is a Temporary BRC good for
30 days
FOB destination
Freight terms indicating that ownership of goods remains with the seller until the goods reach the
buyer. seller pays for freight.
bid bond - what is the % of contract not to exceed amount
10% not to exceed $20,000.00
is there such thing as an honest mistake?
yes
can a purchase order serve as a contract?
yes
when a discrepancy in the bid occurs and the amount in words differs from the equivalent
in figures, which shall be binding?
amount in words
when a discrepancy in the bid occurs and there is a difference between the unit price and
the extended totals, which should prevail?
unit price
can you charge for bid specs to prospective bidders?
yes
up to what amount can be contributed to a political party and still be able to bid?
$300.00
, prevailing wage
$16,263.00
Bid threshold amount -QPA
$44,000.00
Quote Threshold
15% of bid threshold $6600.00
What must all RFP participants sign in order to be on the evaluating committee?
a no conflict of interest certification
branches of law
legislative, executive , judicial
what is a window contract?
contracts between $17500.00 and your actual bid threshold awarded by the GB
40A:11-1. Short title; citation
This act shall be known and may be cited as the "Local Public Contracts Law."
Lowest responsible bidder or vendor
bidder or vendor: (a) whose response to a request for bids offers the lowest price and is
responsive(bid); and (b) who is responsible(bidder)
Quotation
means the response to a formal or informal request made by a contracting agent by a vendor for
provision or performance of goods or services, when the aggregate cost is less than the bid
threshold. Quotations may be in writing, or taken verbally if a record is kept by the contracting
agent. REMEMBER THIS IS FOR 15% BELOW THE BID THRESHOLD
Responsible
CORRECT ANSWERS!!
how long is a Temporary BRC good for
30 days
FOB destination
Freight terms indicating that ownership of goods remains with the seller until the goods reach the
buyer. seller pays for freight.
bid bond - what is the % of contract not to exceed amount
10% not to exceed $20,000.00
is there such thing as an honest mistake?
yes
can a purchase order serve as a contract?
yes
when a discrepancy in the bid occurs and the amount in words differs from the equivalent
in figures, which shall be binding?
amount in words
when a discrepancy in the bid occurs and there is a difference between the unit price and
the extended totals, which should prevail?
unit price
can you charge for bid specs to prospective bidders?
yes
up to what amount can be contributed to a political party and still be able to bid?
$300.00
, prevailing wage
$16,263.00
Bid threshold amount -QPA
$44,000.00
Quote Threshold
15% of bid threshold $6600.00
What must all RFP participants sign in order to be on the evaluating committee?
a no conflict of interest certification
branches of law
legislative, executive , judicial
what is a window contract?
contracts between $17500.00 and your actual bid threshold awarded by the GB
40A:11-1. Short title; citation
This act shall be known and may be cited as the "Local Public Contracts Law."
Lowest responsible bidder or vendor
bidder or vendor: (a) whose response to a request for bids offers the lowest price and is
responsive(bid); and (b) who is responsible(bidder)
Quotation
means the response to a formal or informal request made by a contracting agent by a vendor for
provision or performance of goods or services, when the aggregate cost is less than the bid
threshold. Quotations may be in writing, or taken verbally if a record is kept by the contracting
agent. REMEMBER THIS IS FOR 15% BELOW THE BID THRESHOLD
Responsible
