Mcppo public - Study guides, Class notes & Summaries

MCPPO Public Contracting Overview Study Guide with Correct Answers Less than $10,000 - Answer-Sound Business Practices-ensuring the receipt of a favorable price by periodically soliciting price lists or quotes. At least $10,000 but not more than $50,000 - Answer-Written Price Quotations-solicit at least 3 written quotes from vendors that customarily provide the supplies or services you are procuring, and award the contract to the responsible vendor who gives you the lowest written quote th...

MCPPO-Public Contracting Overview-Exam-Questions with Correct Answers/ Verified/ Latest 2024/2025

A "responsible" Contractor - A "responsible" contractor possesses the skill, ability, and integrity necessary to faithfully perform the work; an "eligible" contractor has met the statutory requirements for eligible bidders set forth in M.G.L. c. 30, § 39M. If the lowest bidder is responsible and eligible, you will award the contract to that bidder A cost reimbursement contract - Because of the need to monitor and verify the vendor's expenditures, a cost reimbursement contract requir...

MCPPO Public Contracting Overview: Public Purchasing Principles Study Guide with Complete Solutions Best value - Answer-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 - Answer-obtain materials, services, and faci...

30 39M (Public Works Construction and Materials) governs what? - The purchase of construction materials for either public buildings or public works. Applies to a purchase of carpeting, wall partitions or pipe without installation services. 5 Principals of public purchasing - Obtain material, when and where you need them, at best price, open and fair and reasonable cost to procure. 7C Sec 38 Mandatory Disclosure of Beneficial Interests - Requires all interested parties to file a disclosure ...

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MCPPO Contracting Overview-Public Purchasing Principles questions and answers rated A+ 2024/2025

MCPPO Contracting Overview-Public Purchasing Principles Practice Questions and Answers|100% Pass Public Purchasing Objectives: - Answer-obtain the 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. Price = ? - Answer-contract amount Cost =? - Answer-What's paid to vendor and other cost associated e.g., soft cos...

Public Purchasing Objectives:  obtain the 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. Price = ?  contract amount Cost =?  What's paid to vendor and other cost associated e.g., soft costs -time, research, etc., bid process, contract administration. Key control activities related to procureme...

Principle Objectives of Public Purchasing  -Obtain the materials, services, and facilities required by 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. Price  The amount actually paid to a vendor for materials, services, or facilities. The cost to obtain materials, services, or facilities is inevitably higher than the price paid to the vendor. Estab...