Misc. questions/terms to study for cppb Questions and Answers 2024/2025

Purpose of a cost analysis -  It is a review and evaluation of the suppliers actual or anticipated cost data Competitive Negotiations -  Primary considerations for using is price is not the main concern for determining the successful contractor Common Law -  Law based on customs and usage and confirmed by court decisions. Principled Negotiations -  Negotiates on the merits includes separating the people from the problem, focusing on the interests not the positions, inventing options for mutual gain, and using objective criteria. Risk Management -  It minimizes adverse effects through planning, organizing, directing and controlling resources and activities Show-cause notice -  If the termination for default appears appropriate this should be issued Exception Inspection -  The agency depends on the end user to report defects after a cursory inspection for obvious damage when unpacked is done. 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel! 1 | P a g e | G r a d e A + | 2 0 24 / 2 0 2 5 Volume and timing -  Main considerations when developing a plan for purchase of fuel oil. Trendlines -  Illustrates short term spend patterns for commodities Value Analysis -  When determining the cost of ownership over the life span of and asset this is best to use. The Systematic process used in the design of products with the required level of quality and performance at the most economic cost. Civil Law -  Reference to the body of law affecting the relationship among individuals. Contract law is an example. Price Analysis -  Process of examining and evaluating a prospective price without evaluating the separate cost elements and profit of the offeror included in that price. Administrative Law -  Rules, regulations, and executive orders promulgated by governmental administrative or regulatory agencies. Generally enacted to make statues and ordinances more specific. Has the force and effect of law. Ordinances -  Refers to laws that county and municipal legislative bodies, such as boards of supervisors and city councils pass applicable to those jurisdictions. May include requirements of specific to the procurement of supplies and services. 2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel! 1 | P a g e | G r a d e A + | 2 0 24 / 2 0 2 5 Ambiguity -  Contract language that is capable of being understood to have more than one meaning. Cure Notice -  Contract administration action of issuing a notice to the contractor for failure. Unless the condition is resolved within 30 days after receipt, the contract may be terminated. Benchmarking -  Techniques used to identify best practices used by other agencies. Implied Contract -  A contract that is not written but rather inferred as a matter of reason and justice from the parties act or conduct. Express Contract -  What is a contract, either w