ITEMS ACCURATE MARKING
◉ what type of contract is most common? Answer: firm fixed pricing
◉ When is an emergency purchase acceptable? Answer: Affecting
publics health, safety & welfare
◉ what is a requisition? Answer: the start of a P.O- dept. requesting
item
◉ What is the purpose of having a purchasing manual? Answer: to
have guidelines to follow
◉ Where can a government body authorize additional
rules/procedure implementing emergency purchases? Answer:
purchasing manual- must list chain of commands
◉ what is the time you have to make an award? Answer: 60 days
◉ What type of F.O.B. is most advantageous? Answer: FOB
destination
,◉ what is known as P.L 1999 C. 440 NJSA 40A:11-1 ET seq? Answer:
Local public contracts law
◉ Professional service contracts are for a period of how many years?
Answer: 1 year (12 months)
◉ Award to contract must take place within how many days of
receipt of purchase? Answer: 21 days
◉ If collusion is suspected, who do you notify? Answer: governing
body, county prosecutor, attorney general
◉ When no bids are received, when can you negotiate with vendors?
Answer: Rebid once more, then negotiate
◉ Who can award a contract over the bid threshold? Answer:
governing body
◉ For total aggregate, can contracts be broken down? Answer: no
◉ Who regulates changes and establishes the law follow? Answer:
DLGS - Division of Local Government Services
, ◉ How can a governing body enact local law in furtherance of the
contracts law? Answer: by resolution or ordinance
◉ What is a specification? Answer: set of requirements for a product
◉ What does MSDS stand for? Answer: Material Safety Data Sheet
◉ What act requires the MSDS? Answer: workers right to know act
◉ Advertisement must happen how many days before a bid, except
of solid waste is how many days? Answer: 10 days, solid waste
60days
◉ what is the definition of bid bond? Answer: Your guarantee that
the contractor will sign the contract if awarded
◉ bid bond is what % of contract, not to exceed what amount?
Answer: 10% & 20,000
◉ consent of surety ensures that a contractor will be able to obtain
what? Answer: obtain a performance bond from the insurance
company