NJ QPA EXAM 2026 COMPREHENSIVE STUDY
GUIDE COMPLETE SOLUTIONS VERIFIED
◉ County Cooperative Contract Purchasing. Answer: May be created
ONLY by a county government. County advertises for bids and
awards a contract to the successful bidder. With the approval of the
county and the vendor, local contracting units located within the
geographic boundary of the county may purchase under the contract
subject to its specs, terms, and conditions.
◉ Regional Cooperative pricing system. Answer: Two or more
registered cooperative pricing systems may join together for the
provision and performance of goods and services, including the
purchasing of energy.
◉ When can you use State Contract. Answer: If you don't want to
bid, had rejected all bids,
◉ To use a National Coop, must determine if it will result in:.
Answer: Price savings after all factors are considered
◉ Sources of Basic Law in NJ. Answer: 1. Session laws (pamphlet
laws) 2. Revised Statutes 3. NJ Statutes Annotated 4. NJ
Administrative Code
,◉ What is the most important agency for local finance and
management functions?. Answer: Division of Local Government
Services
◉ Define Capital Improvement. Answer: An item has a useful life of
at least 5 yrs and for which bonds and notes can be sold.
◉ What is a Capital Program. Answer: Multi year plan and budget for
capital projects have a useful life of at least 5 yrs and that have a
cumulative annual cost of $25,000
◉ Capital Projects include. Answer: 1. Acquisition/development of
land 2. acquisition of major equip personal property 3. acquisition,
construction, improvement/renovations of buildings, roads, utilities
and other structures. 4. Improvement of public works 5. Other as
listed in N.J.S.A 40A:2-22, regardless of financing.
◉ What is a Flexible Chart of Accounts. Answer: Coding system that
categorizes appropriations and revenue, that is highly flexible.
◉ Fair and Open Process minimum requirements. Answer:
Advertise, doesn't need to be in paper. Sufficient time to notice.
Establish criteria and disclose. Open in public and advertise award.
, ◉ Another term for "Non-Fair and Open Process". Answer: Required
Disclosure
◉ Non-Fair and Open Contracts issued have how many days to
submit Chapter 271 Political Disclosure Form?. Answer: 10 days
prior to award of contract.
◉ Under Non-Fair and Open, businesses awarded contracts of
_____________ a year must file disclosure of contributions with the
Election Law Enforcement Commission (ELEC).. Answer: $50,000 or
more
◉ Pay to Play states that a contracting unit cannot issue a contract to
a vendor, unless through a fair and open process, who made
contributions to:. Answer: 1. Municipal committee of a political
party who is in office at the current time. 2. Any candidate
committee in an elected position on the municipal or county level. 3.
Made the contributions in the year preceding the award of the
contract.
◉ Chapter 271 Political Disclosure Form must include contributions
made to the following:. Answer: 1. Local unit. 2. Any other local unit
within that county 3. The county the local unit is in 4. The legislative
district of the local unit 5. Any continuing political committee (PAC)
GUIDE COMPLETE SOLUTIONS VERIFIED
◉ County Cooperative Contract Purchasing. Answer: May be created
ONLY by a county government. County advertises for bids and
awards a contract to the successful bidder. With the approval of the
county and the vendor, local contracting units located within the
geographic boundary of the county may purchase under the contract
subject to its specs, terms, and conditions.
◉ Regional Cooperative pricing system. Answer: Two or more
registered cooperative pricing systems may join together for the
provision and performance of goods and services, including the
purchasing of energy.
◉ When can you use State Contract. Answer: If you don't want to
bid, had rejected all bids,
◉ To use a National Coop, must determine if it will result in:.
Answer: Price savings after all factors are considered
◉ Sources of Basic Law in NJ. Answer: 1. Session laws (pamphlet
laws) 2. Revised Statutes 3. NJ Statutes Annotated 4. NJ
Administrative Code
,◉ What is the most important agency for local finance and
management functions?. Answer: Division of Local Government
Services
◉ Define Capital Improvement. Answer: An item has a useful life of
at least 5 yrs and for which bonds and notes can be sold.
◉ What is a Capital Program. Answer: Multi year plan and budget for
capital projects have a useful life of at least 5 yrs and that have a
cumulative annual cost of $25,000
◉ Capital Projects include. Answer: 1. Acquisition/development of
land 2. acquisition of major equip personal property 3. acquisition,
construction, improvement/renovations of buildings, roads, utilities
and other structures. 4. Improvement of public works 5. Other as
listed in N.J.S.A 40A:2-22, regardless of financing.
◉ What is a Flexible Chart of Accounts. Answer: Coding system that
categorizes appropriations and revenue, that is highly flexible.
◉ Fair and Open Process minimum requirements. Answer:
Advertise, doesn't need to be in paper. Sufficient time to notice.
Establish criteria and disclose. Open in public and advertise award.
, ◉ Another term for "Non-Fair and Open Process". Answer: Required
Disclosure
◉ Non-Fair and Open Contracts issued have how many days to
submit Chapter 271 Political Disclosure Form?. Answer: 10 days
prior to award of contract.
◉ Under Non-Fair and Open, businesses awarded contracts of
_____________ a year must file disclosure of contributions with the
Election Law Enforcement Commission (ELEC).. Answer: $50,000 or
more
◉ Pay to Play states that a contracting unit cannot issue a contract to
a vendor, unless through a fair and open process, who made
contributions to:. Answer: 1. Municipal committee of a political
party who is in office at the current time. 2. Any candidate
committee in an elected position on the municipal or county level. 3.
Made the contributions in the year preceding the award of the
contract.
◉ Chapter 271 Political Disclosure Form must include contributions
made to the following:. Answer: 1. Local unit. 2. Any other local unit
within that county 3. The county the local unit is in 4. The legislative
district of the local unit 5. Any continuing political committee (PAC)
