NJ QPA STUDY SET TEST // NJ QPA STUDY SET TEST 250+ QUESTIONS AND CORRECT ANSWERS //ALREADY GRADED A+
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NJ QPA STUDY SET0
NJ QPA STUDY SET TEST // NJ QPA STUDY SET TEST 250+
QUESTIONS AND CORRECT ANSWERS //ALREADY
GRADED A+
NJ QPA STUDY SET TEST // NJ QPA STUDY SET TEST 250+
QUESTIONS AND CORRECT ANSWERS //ALREADY
GRADED A+
NJ QPA STUDY SET TEST // NJ QPA STUDY SET TEST 250+
QUESTIONS AND CORRECT ANSWERS /...
NJ QPA STUDY SET TEST // NJ QPA STUDY SET TEST 250+
QUESTIONS AND CORRECT ANSWERS 2023-2025//ALREADY
GRADED A+
What constitutes a capital project? - answer-- Acquisition of land
- Acquisition of major equipment of personal property
- Acquisition of buildings, roads, utilities, or other structures
- Improvements of public works
When can competitive contracting be used? - answer-- Software & hardware
- Homemaker/health services
- Lab testing services
- Emergency medical services
- Contracted food services
- Concessions
- P-Card/ E-Procurement vendor
- Grant writing
- Animal Control
- Property appraisal services
What are the four elements of a contractual situation? - answer-- Capable parties: all persons have
capacity and agency to enter into the contract
- Mutual consent: all persons are entering into a contract voluntarily
- Lawful objective: contract is not criminal, immoral, or illegal
- Sufficient cause to contract: reasons parties entered into a contract
Acceptance of a contract must satisfy what four criteria? - answer-- Voluntary
- Deliberate
- Made by recipient of offer
- Unequivocal and unqualified
,What is a guarantee? - answer-Guarantees reduce a buyer's sense of risk at the time of purchase.
What is a warranty? - answer-Warranties are a promise given by the seller to the buyer that goods are of
a certain quality and will conform to certain standards.
What types of contracts are there? - answer-- Firm Fixed-Price
- Agreement w/ Escalation Provisions (mostly applicable to gas, fuel oil, or solid waste tipping)
- Time & Materials Agreements (hourly rate which and materials at cost)
- Open-Ended Agreements (bids received on a unit basis, must list minimum and maximum)
- Lease Agreements
- Lease w/ Option to Purchase
How long can a typical contract be awarded? - answer-24 months
How long can a PSA contract be awarded? - answer-12 months
How long can a competitive contracting contract be awarded? - answer-Up to 5 years
How long can an insurance contract be awarded? - answer-Up to 3 years
How long can a contract be extended? - answer-Contracts can be extended for one two-year term or
two one-year terms, not to exceed five years total
What are the types of cooperative purchasing systems? - answer-- Cooperative pricing
- Joint purchasing
- Commodity resale system
- County cooperative purchasing contract
- Regional cooperative pricing
,- State contracts
- National co-ops
When do you need to report purchases to State Comptroller? - answer-$2.5 - $12.5 million = 20 business
days AFTER contract is awarded
$12.5 million+ = 30 business days PRIOR to public advertisement
$2.5+ and emergency work = 30 business days AFTER contract is awarded
What is the bid threshold with a QPA? - answer-$44,000
How long before a bid is due should it be advertised? - answer-At least 10 days, can't open on a Monday
or a day after a federal holiday
What was the last time the bid threshold was adjusted? - answer-March 2020, enacted July 2020,
happens every 5 years
What does it mean to be the lowest responsible bidder? - answer-- Responsive: all materials are
included
- Responsible: able to handle the job
Reasons you can reject a bid? - answer-- Lowest bid substantially exceeds cost estimates for G&S
- Lowest bid substantially exceeds appropriations for G&S
- Governing body abandons project
- Governing body substantially updates project specs
- Items are available on state contract
How long should RFP's for competitive contract and municipal solid waste be advertised for? - answer--
Competitive Contract = 20 days
- Municipal Solid Waste = 60 days
, How long does addenda need to be published for? - answer-At least 7 days before bid opening
What is a bid security and what form can they be submitted in? - answer-Intended to ensure the bidder
enters into a contract if they receive the award and will provide a performance bond if required
Can be in the form of a cashier's check, cash, or bid bond in the amount of 10% of the contract amount
up to $20k
What is a consent of surety? - answer-Certificate in the full amount of the bid price from a surety
company
Required for construction projects over $100k
MUST be submitted with a bid
What is a performance bond? - answer-Bond in the amount of 100% of the contract amount
Submitted with the contract (surety guarantees this bond is possible)
Not released until work is final and accepted
What is a maintenance bond? - answer-Submitted once work is completed and accepted
Guarantees against defective quality or materials for period up to 2 years
What are non-curable defects in a bid package? - answer-- Consent of surety (REQUIRED for
construction)
- Bid guarantee
- Statement of ownership
- Iran Disclosure
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