Contract Management Terms Quiz
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Questions and Answers

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

  • To decrease transparency in procurement processes
  • To limit competition among sellers
  • To restrict the options available to buyers
  • To provide a wide selection of goods and services from various sellers (correct)
  • How is the procurement process conducted on GeM?

  • Offline and manual process
  • Online and electronic from supply order to payment (correct)
  • Via telephone conversations between buyers and sellers
  • Through physical paperwork submitted at government offices
  • What is the significance of reverse bidding on GeM?

  • It reduces competition among sellers
  • It limits the product options available to buyers
  • It helps in procuring bulk quantities at competitive rates (correct)
  • It increases the final price of products/services
  • How are suppliers registered on GeM?

    <p>Online and automatically based on ID authentication</p> Signup and view all the answers

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

    <p>To ensure competitive prices, availability, and transparency</p> Signup and view all the answers

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

    <p>Competent authority approval</p> Signup and view all the answers

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

    <p>To guarantee the bidder's compliance with the contract terms</p> Signup and view all the answers

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

    <p>No payment for the additional work</p> Signup and view all the answers

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

    <p>To invite bids from potential suppliers or contractors</p> Signup and view all the answers

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

    <p>Prior approval of competent authority</p> Signup and view all the answers

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

    <p>It ensures timely completion of the project</p> Signup and view all the answers

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

    <p>Performance security deposit</p> Signup and view all the answers

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

    <p>Procurement Policy Division (PPD)</p> Signup and view all the answers

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

    <p>Strict adherence to tender provisions</p> Signup and view all the answers

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

    <p>To enhance transparency in public procurement processes</p> Signup and view all the answers

    What is the role of the PROMISOR in a contract?

    <p>The person making the proposal</p> Signup and view all the answers

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

    <p>Section 2</p> Signup and view all the answers

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

    <p>The action or promise done at the desire of the Promisor</p> Signup and view all the answers

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

    <p>Corporate Guarantee</p> Signup and view all the answers

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

    <p>It transforms into a Promise</p> Signup and view all the answers

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

    <p>To provide a guarantee that the bidder will fulfill the contract if awarded</p> Signup and view all the answers

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

    <p>Specifications of materials or work</p> Signup and view all the answers

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

    <p>The intention of purchaser to place a purchase order on the bidder</p> Signup and view all the answers

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

    <p>It authorizes the contractor to begin work on the project</p> Signup and view all the answers

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

    <p>The capacity in which they engage with the contract</p> Signup and view all the answers

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

    <p>Government e-market place (GeM)</p> Signup and view all the answers

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

    <p>Tender advertisement publication in newspapers</p> Signup and view all the answers

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

    <p>Subjecting certificates to verification before awarding the tender</p> Signup and view all the answers

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

    <p>To avoid confusion regarding the delivery period.</p> Signup and view all the answers

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

    <p>APO issuing authority or nominated officer/committee</p> Signup and view all the answers

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

    <p>The APO is only a letter of intent, not a contract or firm purchase order.</p> Signup and view all the answers

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

    <p>Cases involving materials specification disputes</p> Signup and view all the answers

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

    <p>To ensure fair opportunity to all and discover competitive rates.</p> Signup and view all the answers

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

    <p>Two bid system with separate envelopes for techno-commercial and price bids.</p> Signup and view all the answers

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

    <p>To increase competition and ensure fair selection.</p> Signup and view all the answers

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