PSPP201-06 Assessment 6

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Question 1 of 5

1. Question

If following best practices, when should you involve subject matter experts such as legal counsel and the risk management team?

As early as possible during the planning phase.

As soon as the contract is finalized and contract management begins.

Once a performance issue arises with the contractor and you need assistance.

After you issue the competitive procurement, but before the solicitation closes.

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Question 2 of 5

2. Question

During a competitive solicitation process, when is Contract A formed?

At the time of closing when there is at least one compliant response.

When the solicitation is officially posted and opened for responses.

After the bid irrevocability period has ended.

When the lead proponent is awarded the performance contract.

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Question 3 of 5

3. Question

Why is it considered a best practice to segregate the duty of approving a purchase, accepting a purchase and approving payment?

To ensure procurement staff is focussed on specific tasks only, not dividing attention in different areas.

To ensure there is an independence of review for errors and omissions along the way and appropriate checks and balances are in place for financial transactions.

To ensure that procurement staff members who work directly with the contractor(s) don't have access to organizational funds.

To keep the contractor at an arm's length by having many different representatives involved in the purchase.

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Question 4 of 5

4. Question

After a competitive solicitation has closed, who can change a bid or proposal?

Only the respondent, not the issuer.

Only the issuer, not the respondent.

Cannot be changed by either the issuer or the respondent.

The issuer or respondent, provided the change is in writing.

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Question 5 of 5

5. Question

If you must issue a significant amendment to a competitive solicitation before closing, what should you also amend?

The closing date and time of the competition to allow suppliers the needed time to adjust their proposal/bid.

The procurement business case to document the new findings for approval.

The cost-benefit analysis for future audit purposes.

The insurance and indemnity provisions in Contract B.

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