What office do you report fraud, waste, and abuse? - Correct Answer
✔️✔️State Auditor's Office
What is the term used to describe the initial value of the contract, plus
renewals, extensions and amendments for the contract's full existence?
- Correct Answer ✔️✔️Contract value
What is the contract value for a contract with an initial value of $5
million with three (3) optional, annual renewals of $1 million each? -
Correct Answer ✔️✔️$8 million
Market research, historical spend analysis, benchmarking, and request
for information (RFI) are all part of what stage in procurement
planning? - Correct Answer ✔️✔️Needs Assessment
, What plan is used to document the solicitation process, assign roles and
responsibilities and create a calendar of events? - Correct Answer ✔
️✔️Acquisition Plan
What 3 resources must you check first before soliciting an RFP? -
Correct Answer ✔️✔️1. State & Federal Surplus
2. Set-aside Programs (TCI & Workquest)
3. TX SmartBuy Term & Managed Term Contracts
At what threshold must a notice of award be posted to the ESBD
(Electronic Business Daily)? - Correct Answer ✔️✔️Purchases
over $25k
If a box of pens costs $16 on Workquest and $14.98 on TXMAS, which
contract should you use? - Correct Answer ✔️✔️Workquest
Which restriction applies to the unallowable purchase of artificial plants
for office decor? - Correct Answer ✔️✔️Prohibited use of
appropriated funds