FCCM TRAINING EXAM 2024\2025
|GUARANTEED ACCURATE
ANSWERS
Procurement - ACCURATE ANSWERS✔✔ Term used in the
government for purchasing goods or services, receiving and inspection,
inventory management, contract administration, and disposal/surplus
Seven Stages of Public Procurement - ACCURATE ANSWERS✔✔ 1.
Need identification
2. Pre-solicitation
3. Solicitation preparation
4. Solicitation
5. Response Evaluation
6. Contract award
7. Contract management
Stage 1: Need Identification Process - ACCURATE ANSWERS✔✔
Identify the need for a commodity/service and develop a plan to address
that need. This stage includes:
-Need identification
-Budget identification
-Purchasing strategy
,Categories of purchases - ACCURATE ANSWERS✔✔ -Emergency
(non-competitive): delaying would cause immediate danger
-Exceptional (non-competitive): Agencies are mandated to purchase
from a specific entity according to a contract
-Competitive solicitations
Stage 2: Pre-solicitation process - ACCURATE ANSWERS✔✔ Get
background info to determine which method of competitive solicitation
is appropriate
What does a solicitation team do? - ACCURATE ANSWERS✔✔ -
Ensures that solicitation will meet the procurement need
-Define scope of procurement
-Identify public purpose
-Conduct a market analysis
-Estimate potential costs
Procurement need - ACCURATE ANSWERS✔✔ An identified lack of
commodity or service
Payment Methods - ACCURATE ANSWERS✔✔ Cost reimbursement
Fixed price
Fixed rate
A combo of the aforementioned payment methods
, Cost reimbursement - ACCURATE ANSWERS✔✔ The service
provider is reimbursed for allowable commodities/services related to the
contract/grant
Fixed price - ACCURATE ANSWERS✔✔ Payment for a service is
distributed at specific intervals (ex: weekly, monthly)
Fixed rate - ACCURATE ANSWERS✔✔ Payments are based on fixed
rates, such as hourly rate of pay or per unit delivered
Solicitation methods - ACCURATE ANSWERS✔✔ -Invitation to Bid
(ITB): focused on price
-Request for Proposals (RFP): focused on price and quality
-Invitation to Negotiate (ITN): best value
Stage 3: Solicitation Preparation Process - ACCURATE ANSWERS✔✔
Preparing a competitive solicitation before it is released to the vendor
community. This stage includes:
-Planning, drafting, and reviewing the solicitation
-Preparing the solicitation documents for posting
-Selecting the evaluation or negotiation teams
Competitive solicitations MUST include - ACCURATE ANSWERS✔✔
-General Instruction to Respondents (PUR 1001)
-General Contract Conditions (PUR 1000)
|GUARANTEED ACCURATE
ANSWERS
Procurement - ACCURATE ANSWERS✔✔ Term used in the
government for purchasing goods or services, receiving and inspection,
inventory management, contract administration, and disposal/surplus
Seven Stages of Public Procurement - ACCURATE ANSWERS✔✔ 1.
Need identification
2. Pre-solicitation
3. Solicitation preparation
4. Solicitation
5. Response Evaluation
6. Contract award
7. Contract management
Stage 1: Need Identification Process - ACCURATE ANSWERS✔✔
Identify the need for a commodity/service and develop a plan to address
that need. This stage includes:
-Need identification
-Budget identification
-Purchasing strategy
,Categories of purchases - ACCURATE ANSWERS✔✔ -Emergency
(non-competitive): delaying would cause immediate danger
-Exceptional (non-competitive): Agencies are mandated to purchase
from a specific entity according to a contract
-Competitive solicitations
Stage 2: Pre-solicitation process - ACCURATE ANSWERS✔✔ Get
background info to determine which method of competitive solicitation
is appropriate
What does a solicitation team do? - ACCURATE ANSWERS✔✔ -
Ensures that solicitation will meet the procurement need
-Define scope of procurement
-Identify public purpose
-Conduct a market analysis
-Estimate potential costs
Procurement need - ACCURATE ANSWERS✔✔ An identified lack of
commodity or service
Payment Methods - ACCURATE ANSWERS✔✔ Cost reimbursement
Fixed price
Fixed rate
A combo of the aforementioned payment methods
, Cost reimbursement - ACCURATE ANSWERS✔✔ The service
provider is reimbursed for allowable commodities/services related to the
contract/grant
Fixed price - ACCURATE ANSWERS✔✔ Payment for a service is
distributed at specific intervals (ex: weekly, monthly)
Fixed rate - ACCURATE ANSWERS✔✔ Payments are based on fixed
rates, such as hourly rate of pay or per unit delivered
Solicitation methods - ACCURATE ANSWERS✔✔ -Invitation to Bid
(ITB): focused on price
-Request for Proposals (RFP): focused on price and quality
-Invitation to Negotiate (ITN): best value
Stage 3: Solicitation Preparation Process - ACCURATE ANSWERS✔✔
Preparing a competitive solicitation before it is released to the vendor
community. This stage includes:
-Planning, drafting, and reviewing the solicitation
-Preparing the solicitation documents for posting
-Selecting the evaluation or negotiation teams
Competitive solicitations MUST include - ACCURATE ANSWERS✔✔
-General Instruction to Respondents (PUR 1001)
-General Contract Conditions (PUR 1000)
