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CPPB Prep Exam Questions with correct Answers
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CPPB Prep Exam Questions with correct Answers Cost Plus Percentage of Cost Contracts - ANS ️️ An agreement on a construction project in which the contractor is provided a specified percentage profit over and above the actual costs of construction. These contracts are considered poor business practice because the contractor has little incentive to hold down costs. The type of costing method is prohibited in Federal purchasing. Procurement - ANS ️️ Includes purchasing, contract administration, inventory, receiving and disposal. Integrity - ANS ️️ The value of one's words and actions. Competition - ANS ️️ Provides an incentive to reduce cost and increase quality. Laws - ANS ️️ Define and control what public agencies may do
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- December 18, 2023
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