Understanding the Procurement Process

What is the primary factor that determines the complexity of the procurement procedure?

• The location of the buyer

• The value of the goods and services

• The number of suppliers

• The type of goods and services

For contracts valued between £5,000 and £25,000, what is typically required from the buyer?

• A full tender procedure

• An OJEU tender exercise

• A single quote

• An RFQ to at least three suppliers

What is the OJEU threshold value in Euros?

• €25,000

• €135,000

• €50,000

• €100,000

Why is it important to consider the time and effort needed for a tender?

• To increase the contract value

• To reduce the number of suppliers

• To ensure compliance with legal standards

• To balance against the chances of winning and the attractiveness of the work

What is a PQQ used for in the procurement process?

• To assess the financial capacity of the buyer

• To establish supplier suitability for the next stage

• To determine the contract value

• To finalize the contract terms

In an open procedure, what must suppliers provide besides a price for goods and services?

• A detailed company history

• Proof of capability to deliver

• A list of competitors

• A financial statement

What is the purpose of the specification in the tender process?

• To outline the buyer's wish list and requirements

• To determine the contract value

• To provide a financial overview

• To list potential suppliers

How is the evaluation of tenders typically conducted?

• Based on quality only

• Based on supplier location

• Based on price only

• Based on a combination of price and quality

What is the standstill period in the tender process?

• A time for suppliers to submit their bids

• A period for the buyer to evaluate bids

• A 10-day period allowing bidders to challenge the decision

• A time for contract negotiation

Why is feedback from the buyer important after the tender process?

• To reduce the number of suppliers

• To increase the contract value

• To understand how to improve future bids

• To finalize the contract terms