CPPB Questions and Answers 100% Solved

CPPB Questions and Answers 100% Solved Three stages of negotiation planning, actual negotiations, completion Three things to judge a negotiation produce a wise agreement, damage relationship, efficient Negotiations are complete when a written and executed contract is finished and signed BATNA Best Alternative to a Negotiated agreement (bottomline) BAFO Best and Final offer demurrage compensation for wait time Request for Equitable Adjustment (REA) Actions that add/ delete work, change in material or labor, allowable cost Active dispute resolution (ADR ) mediation (non binding) arbitration (binding) partnering (both parties have ownership of solution) Liquidated Damages reasonable cost of loss, actual damages ( must be proven) Not penalty, each day of delay /lost work Efficiency Measures ration of inputs/ outputs effectiveness how long it takes to get something done/quality and customer satifaction 7 rights of purchasing right material , quantity, time , place, source, service, price CAP Contract Administration plan PAP Performance Assessment plan 7 elements of a contract offer, acceptance, definiteness, legal consideration, mutual obligation, competent parties, legal purpose Retention schedule depends on legal or statutory schedule Piggy back /Cooperative purchase when another agency is added/ Depends on agency rules Total Cost of Ownership/ Life cycle costing true cost of all expenses, residual value over life of product purchase, maintenance, disposal fees and residual values Strategic Procurement Planning (SP2) transformation of organizations missions and goals and objectives into measurable activities to plan, budget and manage procurement. Cost Benefit Analysis (CBA) (buy new or repair) comparative evaluation of the trade off between the cost of a good and the value/ben SMART objectives specific, measurable, assignable, realistic, time based spot purchase one time purchase for emergency or favorable market oppurtinity weighted moving average build more accuracy w significance into weighed specifics ( seasonal variations) Moving average a continuous average method taking into current trends as it drops the 13th month fixed period average mathematical calculation: simple total usage/12 months (ignores trends) Make or buy outsourcing SWOT Strength/weaknesses/ opportunities/threats FIFO First in/ First out inventory method (Milk goes out of date) LIFO last in /First out inventory method (supplies for taxes) Statement of work Response from the bidder Scope of work Specs from the Agency Levels for reporting poor performance Onsite manager, offsite manger, owner/president of company/ cure notice/ Contract termination Escalating steps when Contractor does not perform Cure Notice/ Show cause notice/Notice of Termination implied warranties toaster will toast/ will do what is intended express warranties promises written/ claim in writing, on sales brochure or written literature Privity only contract with the prime (not subcontractor) Purchasing Line Function After the fact: functions of inventory management, warehouse, receiving and surplus Purchasing Staff Function Assist, Educate , advise management of uses but does not do the actual purchasing Purchasing Service Function Centralized purchasing: a designated unit that relieves RFI (request for Information ) Marketing tool only/ Can not award from RFI RFP (request for proposal) (Competitive Sealed Proposal) Request for Proposals allows reviewers to consider factors other than price/ complex options with more than one solution: AT RFP closing only bidders names/no amounts IFB (Invitation to Bid) ( Competitive Sealed Bid) Focuses on price: Bid opening amounts are read/ bidders named RFQ (Request for Quote) small orders/ informal bid with out advertisiment Best team size 4-8 good (10-12 too large