NIGP – CPP Exam 1 Questions with Correct
Answers
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?
Legal or statutory requirements
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?
Performance bond
Which type of contract pricing is appropriate when market or labor conditions are
unstable over an extended production period?
Fixed price with escalation
Statutes, ordinances, charters, rules, regulations, policies and procedures are all
examples of:
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:
Requires certain promises and agreements to be evidenced in writing
The three types of competition found in the market place are:
Pure, imperfect and monopoly
What is the bidder's obligation when a bid that was accepted by the agency contained
minor clerical errors?
The bidder must perform the contract.
Price fixing, bid rigging and restraints of trade are prohibited by this first of its kind
federal act.
Sherman Anti-Trust Act
Assignment clauses are often included in solicitations and contracts. What are they and
why do we need them?
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.
A good bid specification does all of the following except:
Allow the vendor to choose which requirements he will meet.
Language that covers changes, disputes and breach procedures is included in
agreements between parties to protect against:
Contractual risk
Answers
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?
Legal or statutory requirements
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?
Performance bond
Which type of contract pricing is appropriate when market or labor conditions are
unstable over an extended production period?
Fixed price with escalation
Statutes, ordinances, charters, rules, regulations, policies and procedures are all
examples of:
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:
Requires certain promises and agreements to be evidenced in writing
The three types of competition found in the market place are:
Pure, imperfect and monopoly
What is the bidder's obligation when a bid that was accepted by the agency contained
minor clerical errors?
The bidder must perform the contract.
Price fixing, bid rigging and restraints of trade are prohibited by this first of its kind
federal act.
Sherman Anti-Trust Act
Assignment clauses are often included in solicitations and contracts. What are they and
why do we need them?
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.
A good bid specification does all of the following except:
Allow the vendor to choose which requirements he will meet.
Language that covers changes, disputes and breach procedures is included in
agreements between parties to protect against:
Contractual risk