Method of sealed bids Study guides, Class notes & Summaries

Who develops a solicitation? - ANSThe government, and the buyer Who prepares an offer? - ANSThe contractor, and the seller During the post award phase while the contract is being performed, who has responsibility for quality? - ANSThe seller Acquisition - ANSFAR 2.101 tells us Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies...

Wide Area Workflow (WAWF) is a paperless contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD Contracting lifecycle. The goal is to enable authorized Defense contractors and DoD personnel the ability to create invoices and receiving reports and access contract related documents. . True . False - ANSWER-. True When assessing a contractor's performance, a COR may monitor in all of the following ways EXCEPT: . Review Progress Re...

Acquisition or disposition of Real Property Central Register? - Notice Advertising Requirements for Real Property MGL c38B, s16 (d) - - Central register submission April 11 -Earliest Central Register publication April 19 -Central Register date (30 days) April 24 -One week more (newspaper) May 9 -8 days prior (newspaper) May 16 -Bud submission date May 24 Advertising the IFB must include? - -state where, when and for how long the IFB may be obtained -Describe the supply or service needed...

To ensure that contractors fully understand what they will be required to do if awarded a contract, contracting officers insert language primarily into which of the following sections of the Uniform Contract Format - ACCURATE ANSWERH The program protection plan focuses on protecting technology, whereas an OPSEC plan focuses on protecting critical information about an organization and its operations - ACCURATE ANSWERTrue Which of the following is NOT among the five primary steps of the OPSE...

Surety - Correct Answer-A pledge or guarantee by an insurance company, bank, individual, or corporation on behalf of the bidder/proposer to satisfy the contractual obligations. accountability - Correct Answer-the principle that employees who accept an assignment and the authority to carry it out are answerable to a superior for the outcome. acceptance - Correct Answer-1. Indication that all parties to the contract agree to be bound by the terms of the contract. 2. An indication by one pa...

What are alternates? - FAR 2.101: A substantive variation of a basic provision or clause prescribed for use in a defined circumstance. It can add wording, delete wording, or substitute specified wording for a portion of the basic provision or clause. A date must always be cited along with the date of the basic provision/clause when utilizing alternates. What does it mean when a provision or clause is prescribed on a substantially as follows or substantially the same as basis? - "Substantiall...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - ANSWER-standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the supplier's o...

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...

NIGP Terms Volume III Exam Questions and Answers Advance Payments - Answer-Agreed upon disbursements between buyer and seller made prior to the delivery of the contracted goods and services. Payments may be for a stated amount or for a percentage of the purchase price. Sometimes referred to as Cash in Advance. Agreement - Answer-An understanding between two or more parties in which they state a common understanding and intention regarding past or future intentions or facts, sometimes with a...

An entity purchases several different types of mobile phones to meet employees' preferences. This is causing inefficiencies. What action can be taken to address and correct the inefficiencies? A. creation of performance specifications B. sole sourcing C. benchmarking D. standardization - ANSWER-standardization A buyer has been invited to join a supplier account rep for lunch to discuss the performance of a contract. How should the buyer respond to the invitation? A. decline the supplier's o...

Agent correct answer: Authorized to act on behalf of someone else. Vendor correct answer: A supplier of goods and/or services. Bid correct answer: An offer to contract with the state. Scheduled Purchase correct answer: A type of purchase method used to order goods in bulk. Best and Final Offer (BAFO) correct answer: The result of final negotiations with responsive vendors during the Request For Proposal (RFP) process. Sealed Bid correct answer: A formal written bid opened in...