Purchases specification - Study guides, Class notes & Summaries

CON 2370 Simplified Acquisition Procedures Latest Update Graded A You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required.Which one of the following solicitation methods must be used? Written Solicitation Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? NOT Award documenation must be extensive and detailed You have a requirement for a ne...

SCMN 2150: test #2 Exam Questions With Verified Answers 3 main steps of supply chain. - answer1. supply chain 2. strategic sourcing 3. procurement goal of supply management. - answerbuy products and services; at the right price; from the right source; at the right specification; in the right quantity; for delivery at the right time; to the right internal customer importance of supply management. - answerability to generate a sustainable advantage through lower costs, higher quality, and...

You are the contracting officer for a requirement for a commercial product with an estimated value of $6,200. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Answer-There is no requirement to publicize this action. You have a requirement for administrative support with an estimated value of $1,500,000. Market research shows there are numerous potential offerors that are competitive in te...

You have a requirement to buy a large commercially available, prefabricated wash rack for your installation. The catalog price is $102,000. Simplified acquisition procedures can be used The Director of training for the installation has a request to purchase 25 televisions and 25 DVD recorders for the new training facility that will open next month. Each television will cost approximately $525, and each DVD recorder about $150. Simplified acquisition procedures can be used You hav...

Sole source, single source and emergency procurements are examples of: A. The best ways of procuring goods and services. B. Non-competitive methods of procuring goods and services. C. Unauthorized procurement methods. D. Procurement methods of questionable value. - B. Non-competitive methods of procuring goods and services. In preparing to write a specification or scope of work, we may want to consider one of two methods of gathering facts or details from potential vendors. We can invite ...

NCMA CPCM Practice Test Exam questions with verified answers Which of the following requires the use of modular contracting for major IT system purchases? -The Sarbanes-Oxley Act -The Clinger-Cohen Act -SCA -ITRA - CORRECT ANSWER-The Clinger-Cohen Act Who is responsible for ensuring the contractor's performance is in accordance with the contract? -The contracting officer -The seller's contract manager -Contract managers on the buyer and seller sides -The government - COR...

CON 2370 SIMPLIFIED ACQUISITION PROCEDURES EXAM 55 QUESTIONS WITH COMPLETE SOLUTIONS You are the contracting officer for a requirement for a commercial product with an estimated value of $6,200. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Correct Answers There is no requirement to publicize this action. You have a requirement for administrative support with an estimated value of $1,...

CON 237 Simplified Acquisition Procedures Exam/ Q&A. Terms like When making a commercial purchase, you may conduct an in-process inspection: - Answer: At ay time to check that the product being made fits your specification When no other exceptions apply, is a Government Point of Entry (GPE) synopsis required for purchases estimated to exceed $25,000 but not to exceed the simplified acquisition threshold? - Answer: YES Market research is performed - Answer: To determine if commercial or ...

CIPS - L4M3 Commercial Contracting - CHAPTER 1 fully solved 2024/2025 Difference between Estimate, Quote and Tender (1.1, p. 2) - correct answer Estimate = has no legal standing, simply a 'best guess' by the supplier. *NOT a firm offer*. should be avoided within a commercial contract Tender / Quotation = *both are firm offers* to do something at a quoted rate or price. Tenders are more comprehensive / detailed. Quotation (1.1, p.3) - correct answer - normally used when the only variable...

CIPS L4M1 EXAM SOLVED 100% CORRECT!! Stakeholders In any activity an organization undertakes, whether strategic, operational or tactical, the activity can only be successful with the input, commitment and support of its key stakeholders. Gaining and maintaining the support and commitment of stakeholders requires a continuous process of engaging the right stakeholders at the right time and understanding and managing their expectations. Global Supply Chains a dynamic worldwide network when a...