Question of the Day Questions with Answers

Question of the Day Questions with Answers 1 Telling a contractor what is an expected outcome and leaving the how-to up to them is the basis of: A. Managed competition B. Make-or-buy decision C. Performance Contracting D. Competitive Sealed Bidding - Answer-Performance Contracting - Results-oriented method that focuses on the outcome or quality. Typically, it is tied to payment or contract length based on measureable performance requirements (% of completion, hitting timeline goals, etc.) The mission of an RFP evaluation committee is multifaceted. Name at least three things that they are required to do. - Answer-Ethics: Be transparent Have no conflict of interest Follow any laws, policies, and procedures that may pertain Process: Not disclosing any information during the process to potential suppliers Ensure all documents received are time & date stamped and put in a secure location Verify that all RFP are compliant per the requirements (procedural compliance & technical compliance) Use a consistent approach when scoring Ensure costs are accurate and arithmetic errors are not present Ensure the process is conducted properly (should meet prior to the process beginning)