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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