MCPPO Supplies and Services Questions and Correct Answers | Latest Update
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Course
MCPPO
Institution
MCPPO
What must be obtained before you award a contract that will exceed three
years in length, including any options to renew or extend the contract.
Majority Vote Approval
The majority vote for TOWNS OR DISTRICTS must be taken by:
A Duly Called Town or District Meeting
The majority vote for CIT...
✓ -Avoid the need for conducting more frequent procurements.
-Allow vendors to amortize start-up costs or capital investment required by
the contract over a longer period.
Benefits of short-term contracts?
✓ -Contracts procured annually carry fewer risks.
Standard business practices suggest that most SERVICE contracts should not
have a fixed term of longer than ____________________________?
✓ Five years
The risks of long-term contracts stem from these two major factors.
✓ 1. It is not possible to accurately predict changes in market prices and
other conditions over a long period of time.
2. Contractor performance problems are more difficult to resolve when your
jurisdiction cannot change contractors without risking litigation.
In general, contracts are affected by:
Master01 | October, 2024/2025 | Latest update
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