Domain 2 Stand 2.2 Financial Management (part 2)

51. What must the Bidding Documents include according to Section 17?

• A.Only the Approved Budget for the Contract

• B.General and special Conditions of Contract

• C.Supplier recommendations

• D.Market trends and consumer preferences

52. Which of the following is not a part of the Bidding Documents?

• A.Instructions to Bidders including criteria for eligibility

• B.Form and Amount of Bid Security

• C.Market research and analysis reports

• D.Delivery Time or Completion Schedule

53. Why should specifications for the procurement of goods avoid references to brand names?

• A.To simplify the procurement process

• B.To allow more flexibility in supplier choice

• C.To ensure the focus is on relevant characteristics and/or performance requirements

• D.To reduce paperwork

54. In what instances is holding a pre-procurement conference optional?

• A.For all contracts

• B.For contracts below a certain level or amount specified in the IRR

• C.For contracts involving international suppliers

• D.For contracts that involve a lengthy bidding process

55. What should the pre-procurement conference assess?

• A.The performance of previous contractors

• B.The readiness of the procurement

• C.The opinions of the public

• D.The availability of supplier options

56. What is one task involved in the pre-procurement conference?

• A.Reviewing all relevant documents and the draft Invitation to Bid

• B.Selecting the highest-priced bid

• C.Consulting with potential suppliers

• D.Determining the duration of the bidding process

57. How should the Invitations to Bid contracts under competitive bidding be advertised?

• A.Only through the Procuring Entity's premises

• B.Only in newspapers of general circulation

• C.In a manner and length of time necessary to ensure the widest possible dissemination

• D.Only on the Procuring Entity's website

58. What is the goal of advertising Invitations to Bid?

• A.To limit the number of bidders

• B.To follow traditional procurement methods

• C.To ensure transparency and competitiveness

• D.To attract only local bidders

59. What must the documents submitted by prospective bidders in satisfaction of the eligibility requirements include?

• A.A detailed plan of the project

• B.Statements made under oath and certified by the prospective bidder or authorized representative

• C.References from other bidders

• D.Historical bidding data

60. If a prospective bidder submits their eligibility requirements electronically, what must they do later on?

• A.Resubmit all documents in person

• B.Certify under oath as to the correctness and completeness of the documents submitted

• C.Provide a backup paper copy

• D.Send an email confirmation