Podcast
Questions and Answers
What is the purpose of a tender document?
What is the purpose of a tender document?
- To monitor and control project procurements
- To invite suppliers to submit competitive bids (correct)
- To outline steps for procuring goods/services
- To allocate resources efficiently
Which procurement method is open to the public and provides equal opportunity to all parties?
Which procurement method is open to the public and provides equal opportunity to all parties?
- Restricted Tendering
- Closed Tendering
- Selective Tendering
- Open Tendering (correct)
What key activity is involved in the Conduct Procurements process?
What key activity is involved in the Conduct Procurements process?
- Making changes and corrections as needed
- Selecting a seller and awarding a contract (correct)
- Managing procurement relationships
- Monitoring contract performance
What is the main focus of Control Procurements in the procurement management process?
What is the main focus of Control Procurements in the procurement management process?
What does RFT stand for in the procurement context?
What does RFT stand for in the procurement context?
In procurement management, what does Open Tendering provide to all parties?
In procurement management, what does Open Tendering provide to all parties?
What is the purpose of a Request for Information (RFI) in procurement management?
What is the purpose of a Request for Information (RFI) in procurement management?
What is NOT a key feature of procurement activities according to the text?
What is NOT a key feature of procurement activities according to the text?
Which document is used to ask vendors to submit price quotes for project items to allow comparison with other potential vendors?
Which document is used to ask vendors to submit price quotes for project items to allow comparison with other potential vendors?
In procurement management, what does 'post qualification' refer to?
In procurement management, what does 'post qualification' refer to?
What does the 'source-to-settle process' refer to in procurement management?
What does the 'source-to-settle process' refer to in procurement management?
Which step is involved in 'Close Procurements' in project procurement management?
Which step is involved in 'Close Procurements' in project procurement management?
What is the advantage of single-source procurement mentioned in the text?
What is the advantage of single-source procurement mentioned in the text?
What is the main purpose of PhilGEPS according to the text?
What is the main purpose of PhilGEPS according to the text?
What does the acronym BAC stand for in the context of procurement?
What does the acronym BAC stand for in the context of procurement?
What issue may arise when practicing single-source procurement as per the text?
What issue may arise when practicing single-source procurement as per the text?
Which document serves as the primary source of information in government procurement according to the text?
Which document serves as the primary source of information in government procurement according to the text?
