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QPA EXAM PREP QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE $10.49   Add to cart

Exam (elaborations)

QPA EXAM PREP QUESTIONS AND CORRECT ANSWERS | LATEST UPDATE

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  • Course
  • QPA
  • Institution
  • QPA

Bid Thresholds -:- QPA 40k / Non QPA 17.5K Quote Threshold (15%) -:- QPA 6k / Non QPA 2,625 Types of Contracts -:- 1. Goods and services 2. Professional Mandatory Bid Items -:- 1. Bid guarantee 2. Consent of Surety 3. Statement of Corporate Ownership 4. Listing of sub-contractors 2 ...

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  • September 18, 2024
  • 17
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • QPA
  • QPA
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2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




QPA EXAM PREP QUESTIONS AND
CORRECT ANSWERS | LATEST UPDATE
Bid Thresholds


✓ -:- QPA 40k / Non QPA 17.5K




Quote Threshold (15%)


✓ -:- QPA 6k / Non QPA 2,625




Types of Contracts


✓ -:- 1. Goods and services

2. Professional




Mandatory Bid Items


✓ -:- 1. Bid guarantee

2. Consent of Surety


3. Statement of Corporate Ownership


4. Listing of sub-contractors

1|P a g e | G r a d e A + | 2 0 2 0 2 5

,2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




5. Acknowledgement of addenda


6. Iran disclosure




6 "R"s - Right:


✓ -:- 1. Price

2. Quality


3. Quantity


4. Time


5. Manner


6.




Used to evaluate competitive contracts


✓ -:- 1. Price

2. Other (technical & managerial)




Facts



2|P a g e | G r a d e A + | 2 0 2 0 2 5

, 2024 /2025 | © copyright | This work may not be copied for profit gain | Excel!




✓ -:- 1. In NJ all contracts shall be in writing.

2. A "PO" is a contract.


3. In NJ the voucher is the acceptable form of payment.


4. A "no quote" is a quote.


5. One bid is sufficent to award a contract.


6. No local preference can be given.




Prior negative experience


✓ -:- Period of disqualification is 5 years, exception is if the vendor has

been disbarred.




Bid rigging notification


✓ -:- 1. County prosecuctor

2. Attorney general




Fatal flaw


✓ -:- 1. Statement of corporate ownership (stockholder disclosure)

3|P a g e | G r a d e A + | 2 0 2 0 2 5

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