Procurement is only concerned with acquiring goods and services at the lowest price.

• TRUE

• FALSE

The procurement process ends when the contract is awarded to the supplier.

• TRUE

• FALSE

The Government Procurement Reform Act (RA 9184) applies to both local and foreign-funded government projects.

• TRUE

• FALSE

All government agencies are required to register with PhilGEPS before participating in procurement activities.

• TRUE

• FALSE

A procurement project is considered crucial if it is required for the day-to-day operations of a government entity.

• TRUE

• FALSE

The procurement process, from bid opening to contract award, should not exceed three months.

• TRUE

• FALSE

A Pre-Procurement Conference is required for all procurement projects, regardless of cost.

• TRUE

• FALSE

Bid Security is optional when submitting bids for government projects.

• TRUE

• FALSE

Direct Acquisition allows government entities to buy from any supplier without a competitive process for items below ₱200,000.

• TRUE

• FALSE

The BAC (Bids and Awards Committee) is responsible for reviewing and approving procurement contracts.

• TRUE

• FALSE