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FCCM TRAINING EXAM |GUARANTEED ACCURATE ANSWERS
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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. Solicit...

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  • November 23, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • fccm training exam guaranteed accurate
  • procurement accurate answers term used in the

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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)

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