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The Procurement School

The Procurement School

June 26, 2021 by Dan

PSPP201-03 Assessment 3

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Question 1 of 5

1. Question

What are the two strategies used to fulfill an identified procurement need?

A supply arrangement or purchase order.

A verbal contract or written contract.

A competitive solicitation process or a direct award.

Contract A or Contract B.

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Question 2 of 5

2. Question

Why is a Notice of Intent posted?

To give notice to all unsuccessful bidders that the contract has been awarded and to whom.

To give any other interested suppliers a chance to object to a proposed direct award.

To give the supplier community a chance to respond to proposed procurement policy changes.

To give contractors advance notice of upcoming opportunities before they are officially posted and open for responses.

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Question 3 of 5

3. Question

What are the principle drawbacks of using a direct award process?

Credit card fees and hardcopy advertising.

Risk associated with using the suppliers form of contract and standard insurance.

Politically difficult to justify and forgoes the benefit of competing pricing.

Cannot be used for small dollar purchases and requires auditor sign off.

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Question 4 of 5

4. Question

What is the role of inter-provincial trade agreements in competitive procurement?

Reduce trade barriers and resulting discrimination based on province or territory of origin for significant contracts.

Reduce legal disputes and challenges to buy local campaigns.

Provide tax free purchasing between the signatories.

Prohibit single source contracting, incumbent advantage and monopolies.

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Question 5 of 5

5. Question

What are the duties owed by an organization during a competitive solicitation process?

To warn of known dangers, full disclosure, not to misrepresent and fair and equal treatment.

Equality, integrity, accountability and responsibility.

Fairness, honesty and equality.

To warn of known dangers and to act with integrity and fairness.

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