NIGP CPP CERTIFICATION EXAMPREP 73
QUESTIONS WITH COMPLETE SOLUTIONS
2026 GRADED A+
⩥You are leading the procurement for a new enterprise resource
planning IT system that will be deployed across the entity. Proposers
likely will use various subcontractors for integration, project
management, and training. The users have expressed concern about
financial viability of the successful contractor; the entity does not have
the financial resources to mitigate risk from a default. What requirement
would best protect the entity?
Answer: Performance bond
⩥Which type of contract pricing is appropriate when market or labor
conditions are unstable over an extended production period?
Answer: Fixed price with escalation
⩥Statutes, ordinances, charters, rules, regulations, policies and
procedures are all examples of:
Answer: Contract terms and conditions
, ⩥The Statute of Frauds is a 1677 device passed by the English
Parliament and carried down to us by common law and the actions of
state legislatures that:
Answer: Requires certain promises and agreements to be evidenced in
writing
⩥The three types of competition found in the market place are:
Answer: Pure, imperfect and monopoly
⩥What is the bidder's obligation when a bid that was accepted by the
agency contained minor clerical errors?
Answer: The bidder must perform the contract.
⩥Price fixing, bid rigging and restraints of trade are prohibited by this
first of its kind federal act.
Answer: Sherman Anti-Trust Act
⩥Assignment clauses are often included in solicitations and contracts.
What are they and why do we need them?
Answer: Assignment allows either party to assign or transfer their rights,
obligations, or property to another. We need them in case the contracted
party terminates service by going out of business or can't fulfil their
obligation but can replace with a suitable substitution preventing the
ending the agreement.
QUESTIONS WITH COMPLETE SOLUTIONS
2026 GRADED A+
⩥You are leading the procurement for a new enterprise resource
planning IT system that will be deployed across the entity. Proposers
likely will use various subcontractors for integration, project
management, and training. The users have expressed concern about
financial viability of the successful contractor; the entity does not have
the financial resources to mitigate risk from a default. What requirement
would best protect the entity?
Answer: Performance bond
⩥Which type of contract pricing is appropriate when market or labor
conditions are unstable over an extended production period?
Answer: Fixed price with escalation
⩥Statutes, ordinances, charters, rules, regulations, policies and
procedures are all examples of:
Answer: Contract terms and conditions
, ⩥The Statute of Frauds is a 1677 device passed by the English
Parliament and carried down to us by common law and the actions of
state legislatures that:
Answer: Requires certain promises and agreements to be evidenced in
writing
⩥The three types of competition found in the market place are:
Answer: Pure, imperfect and monopoly
⩥What is the bidder's obligation when a bid that was accepted by the
agency contained minor clerical errors?
Answer: The bidder must perform the contract.
⩥Price fixing, bid rigging and restraints of trade are prohibited by this
first of its kind federal act.
Answer: Sherman Anti-Trust Act
⩥Assignment clauses are often included in solicitations and contracts.
What are they and why do we need them?
Answer: Assignment allows either party to assign or transfer their rights,
obligations, or property to another. We need them in case the contracted
party terminates service by going out of business or can't fulfil their
obligation but can replace with a suitable substitution preventing the
ending the agreement.
