LARGE 2024 - Session 7 exercise 2

True and False: The Approved Budget for the Contract (ABC) shall be the upper limit or ceiling for the Bid Price.

• True

• False

In case of failure of bidding, the BAC should do the following, except for:

• conduct mandatory review and evaluation of the terms, conditions and specifications in the Bidding Documents

• make revisions subject to the required approvals and conduct re-bidding with re-advertisement and/or posting

• observe same process and set new periods

• indefinitely suspend the bidding until found plausible

Within ____ calendar days from the determination and declaration by the BAC of the LCRB, and the recommendation of the award, the Head of the Procuring Entity or his duly authorized representative shall approve or disapprove the said recommendation.

• 10

• 7

• 15

• 30

True or False: The Procuring Entity shall issue the Notice to Proceed to the winning bidder not later than ten (10) calendar days from date of approval of the contract.

• True

• False

Direct contracting may be resorted to by a government agency for the following conditions, except for:

• For goods that are proprietary in nature

• For infrastructure projects that are proprietary in nature

• Procurement of critical components are available from a specific supplier

• Products are sold by an exclusive dealer or manufacturer with no sub-dealers selling at lower prices and no suitable substitute can be obtained

An alternative mode of procurement wherein the agency directly negotiates a contract with a technically, legally and financially capable supplier, contractor or consultant.

• Limited source bidding

• Direct contracting

• Negotiated procurement

• Shopping

True or False: For negotiated procurement due to two-failed biddings, the ABC can be increased by more than 20% of the ABC for the last failed bidding.

• True

• False

_________ refers to projects that are in actual physical contact with each other or in the immediate vicinity such that the required equipment and other resources can easily be mobilized.

• Defective projects

• Adjacent projects

• Mutually exclusive projects

• Independent projects.

True or False: Once the cumulative amount of liquidated damages reaches twenty percent (20%) of the amount of the contract, the PE may rescind or terminate the contract.

• True

• False

True or False: Contract shall be awarded to the bidder with the Highest Calculated and Responsive Bid (HCRB) at its submitted price or total calculated bid price, whichever is lower.

• True

• False