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QPA EXAM REVIEW BRAND NEW
ACTUAL EXAM WITH ANSWERS.
What is value analysis? - correct answer -Technique of studying
total cost and the total savings to the organization on each
purchase, instead of studying just he price and availbility, value
analysis combines the three most important aeas of itrest to
purchasing: quality, price and source of supply.
What is Public Purchasing? - correct answer -Public purchasing is
the process of procuring goods and services for public purposes
in accordance with law and procedures that are intended to result
in the economical expenditure of public funds.
What is firm fixed-price agreements? - correct answer -Under this
form the agreement a contractor agrees to supply goods or
perform services for a firmly committed price that is not subject to
adjustmet by reason of additional costs incurred by a contractor in
the performance of an agreement.
What are Time and Material Agreements? - correct answer -Time
and material agreements are for the provision of goods or
performance of services on the basis of payment for 1) a
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composite hourly rate or rates which include all elements of ost,
general and administrative expense and contractor's profit 2)
material at cost. The type of contract does not enxourage
effective cost control and it requires constant surveillance by the
public entity to assure the inefficinet or wasteful methods are not
being used.
What is an open-end agreement? - correct answer -An open end
contract (N.J.A.C. 5:30-11-2) means those contracts for which
price bids were solicited on a small unit basis becuase exact
quaqntities needed were not known at the time bids were sought.
What are the basic purchasing forms? - correct answer -Bid
proposals or quote forms, the requisition, the purchase order,
receiving report, and the voucher.
What is bid rigging? - correct answer -Bid rigging involves
establishing a predetermined amount of money that bidder will
have to exceed in order to win a bidWha
What does O.P.R.A. stand for - correct answer -Open Public
Records Act
QPA EXAM REVIEW BRAND NEW
ACTUAL EXAM WITH ANSWERS.
What is value analysis? - correct answer -Technique of studying
total cost and the total savings to the organization on each
purchase, instead of studying just he price and availbility, value
analysis combines the three most important aeas of itrest to
purchasing: quality, price and source of supply.
What is Public Purchasing? - correct answer -Public purchasing is
the process of procuring goods and services for public purposes
in accordance with law and procedures that are intended to result
in the economical expenditure of public funds.
What is firm fixed-price agreements? - correct answer -Under this
form the agreement a contractor agrees to supply goods or
perform services for a firmly committed price that is not subject to
adjustmet by reason of additional costs incurred by a contractor in
the performance of an agreement.
What are Time and Material Agreements? - correct answer -Time
and material agreements are for the provision of goods or
performance of services on the basis of payment for 1) a
, Page | 2
composite hourly rate or rates which include all elements of ost,
general and administrative expense and contractor's profit 2)
material at cost. The type of contract does not enxourage
effective cost control and it requires constant surveillance by the
public entity to assure the inefficinet or wasteful methods are not
being used.
What is an open-end agreement? - correct answer -An open end
contract (N.J.A.C. 5:30-11-2) means those contracts for which
price bids were solicited on a small unit basis becuase exact
quaqntities needed were not known at the time bids were sought.
What are the basic purchasing forms? - correct answer -Bid
proposals or quote forms, the requisition, the purchase order,
receiving report, and the voucher.
What is bid rigging? - correct answer -Bid rigging involves
establishing a predetermined amount of money that bidder will
have to exceed in order to win a bidWha
What does O.P.R.A. stand for - correct answer -Open Public
Records Act
