Contract Management Terms Quiz

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35 Questions

What is the main purpose of the Government e-Market Place (GeM)?

To provide a wide selection of goods and services from various sellers

How is the procurement process conducted on GeM?

Online and electronic from supply order to payment

What is the significance of reverse bidding on GeM?

It helps in procuring bulk quantities at competitive rates

How are suppliers registered on GeM?

Online and automatically based on ID authentication

Why is it mandatory for Ministries or Departments to procure Goods or Services available on GeM?

To ensure competitive prices, availability, and transparency

In accordance with the BSNL Corporate office letter mentioned, what is the requirement for executing work beyond the original contract value?

Competent authority approval

What is the function of Earnest Money Deposit (EMD) or Bid Security in a tender process?

To guarantee the bidder's compliance with the contract terms

What is the consequence of executing work beyond the original contract value without proper approval as per the instructions given?

No payment for the additional work

What is the purpose of Notice Inviting Tender (NIT)?

To invite bids from potential suppliers or contractors

According to the BSNL Corporate office letter, what is required for issuing additional orders beyond the original contract value?

Prior approval of competent authority

What is the significance of Security Deposit or Performance Guarantee in a contract?

It ensures timely completion of the project

What does the BSNL Corporate office letter recommend as a security cover against approved additional work?

Performance security deposit

Which entity is responsible for setting guidelines, best practices, and issuing procurement manuals in public procurement processes?

Procurement Policy Division (PPD)

Based on the information provided, what is emphasized by BSNL regarding altering performance security deposit after award of work?

Strict adherence to tender provisions

What is the primary objective of Central Public Procurement Portal (CPPP)?

To enhance transparency in public procurement processes

What is the role of the PROMISOR in a contract?

The person making the proposal

Under the Indian Contract Act, 1872, which section defines the interpretation clause on Proposal?

Section 2

What is the definition of Consideration in the context of the Indian Contract Act, 1872?

The action or promise done at the desire of the Promisor

In BSNL tenders, what type of guarantee will NOT be accepted for security deposits like EMD and Performance security?

Corporate Guarantee

What happens to a Proposal when it is accepted according to the Indian Contract Act, 1872?

It transforms into a Promise

What is the purpose of 'Earnest Money Deposit (EMD)' or 'Bid Security'?

To provide a guarantee that the bidder will fulfill the contract if awarded

Which of the following is included in 'Bid documents/ Tender documents'?

Specifications of materials or work

What does a 'Notice Inviting Tender (NIT)' signify?

The intention of purchaser to place a purchase order on the bidder

What is the significance of a 'Work Order' in contract management?

It authorizes the contractor to begin work on the project

What distinguishes a 'Contractor' from a 'Bidder' in contract management?

The capacity in which they engage with the contract

What platform are Ministries/Departments/PSUs expected to make all their procurements through?

Government e-market place (GeM)

What has been dispensed with as per the Department of Expenditure OM No.F.1/8/2018-PPD dated 8.3.2018?

Tender advertisement publication in newspapers

What action did BSNL decide to take in response to the production of fake certificates by bidders?

Subjecting certificates to verification before awarding the tender

Why has it been advised that no APO shall be issued with a delivery period mentioned therein from the date of APO?

To avoid confusion regarding the delivery period.

For verification of eligibility criteria documents submitted in the tender, who should the bidder show the originals to?

APO issuing authority or nominated officer/committee

What is the explicit clarification that should be included in every APO according to the text?

The APO is only a letter of intent, not a contract or firm purchase order.

In which cases were fake certificates noticed to be produced along with the bids?

Cases involving materials specification disputes

Why has E.CVC advised BSNL to make systematic improvements in the type of tenders invited?

To ensure fair opportunity to all and discover competitive rates.

What type of tendering methodology should be followed based on the guidelines issued?

Two bid system with separate envelopes for techno-commercial and price bids.

Why should tenders be invited from at least three empanelled vendors in case Limited Tendering is chosen?

To increase competition and ensure fair selection.

Test your knowledge of commonly used terms in contract management, including bidder, contractor, supplier, and goods. Understand the roles and responsibilities associated with these terms in tenders and contracts.

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