PROCUREMENT

PROCUREMENT

University

10 Qs

quiz-placeholder

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PROCUREMENT

PROCUREMENT

Assessment

Quiz

Other

University

Medium

Created by

Dawn Towles-Richards

Used 111+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Which of the following methods does not require a licensed architect, engineer, or land surveyor?
Construction Manager
Design-Build
Lease-Purchase
Construction Bid

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A performance bond is required when the project amount exceeds______________.
$15,000
$10,000
$5,000
$25,000

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Capital spending is reserved for supplies, payroll, and maintenance.
True
False

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

The Missouri Prompt Payment Act 
makes sure contractors and suppliers are paid in timely manner.
requires payments to contractors  at least monthly and within 30 days after completion.
says a school district can retain certain amounts until the district can verify the completion of the project.
All of the above are correct.

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A conflict of interest exists when 
a board member has inside information on a bid and earns the contract.
An outside bidder is awarded a contract.
a previous bidder is awarded a contract.
No bid was required for a project.

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Advertising is not required for construction bids under $50,000
True
False

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The procurement process does not require checks and balance.
True
False

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