Exam 2024 With 100% Correct Answers

What is SPD? {Ans: State Procurement Division - Delegates purchasing authority to state agencies for non IT goods & services}Is vendor communication allowed Post Contract Award? {Ans: Yes, it is imperative & encouraged?}T/F Delegation of SPD's purchasing authority is required for any procurement that is not delegated by rule or statute {Ans: TRUE}What are some circumstances where it may be necessary to withhold payment? {Ans: - Invoice errors - Undocumented and or unsupported costs - Remediating overpayments to the vendors= - The contractor's performance is nonconforming or unacceptable}4 types of Termination {Ans: - Mutual Agreement - Convenience - Cause - Non Appropriation}How can a termination for cause be mended? {Ans: - Cure notice - sent 30 days post-termination to correct the violation Corrective action plan - a written document that identifies specific activities that must be performed by the contractor to restore compliance with the contract}