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MCPPO Public Contracting Overview: Public Purchasing Principles Questions and Answers 2024/2025 $10.69   Add to cart
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MCPPO Public Contracting Overview: Public Purchasing Principles Questions and Answers 2024/2025
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Best value  means awarding contracts based on several factors: a vendors ability to successfully complete the contract on time, at the quality level pecified, at the offered price. technical quality of the supplies and services offered and the vendors past performance on similar contracts...

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  • October 11, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • mcppo public contracting overview public purchas
  • best value means awarding contracts based on sev

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  • MCPPO
  • MCPPO

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2 0 2 4 /2025 | © copyright | This work may not be copied for profit gain Excel!


MCPPO Public Contracting Overview:
Public Purchasing Principles Questions
and Answers 2024/2025
Best value


 means awarding contracts based on several factors: a vendors ability to successfully
complete the contract on time, at the quality level pecified, at the offered price.
technical quality of the supplies and services offered and the vendors past
performance on similar contracts.


The principal objectives of the public purchasing

 obtain materials, services, and facilities required by public organizations, when and
where the materials services and facilities are needed, at the best price reasonably
available, through open fair competition, at a reasonable cost.


Purchasing conrols


 Establishing authority for approval of transactions, establishing responsibility for
executing transactions, segregation of duties, control of access to assets and records.
monitoring


Four elements of a contract

 mutual assent, offer and acceptance, consideration, and definite of contract terms.


Mutual Assent


 the parties to a contract agree of have a meeting of the minds as to what they agree
to do or not to do.


prior appropriation

 a municipality must have prior appropriated funds before entering into a contract.
state finance law also contains a prior appropriation requirement.


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