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ESE 2020: Tender & Contract Quiz-4

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Question 1

Different types of contract according to PM body of knowledge include:

1) Fixed price

2) Fixed interest

3) Cost minus

4) Cost plus

5) Turnkey

6) Time and material

7) Unit price and time and materials contracts

Question 2

In a fixed price contract who has the most risk variable:

Question 3

Why do we need to plan a procurement?

1) To scheme procurement requirement in a timely fashion.

2) To perform make or buy analysis.

3) To create procurement documents.

4) To maintain a risk register.

Question 4

Which are contract elements:

1) Capacity

2) Alternative

3) Consideration

4) Acceptance

Question 5

In a Tender:

1) Earnest money deposit is returned for successful bidder.

2) Earnest money can be converted into society deposit.

3) Security deposit is returned after defect liability period.

Which of the above statements are correct?

Question 6

In a tender, security deposit:

1) Is taken only from the successful bidder

2) Is returned after the liability period.

3) Makes run the tenderer does the work as per contract.

4) Is generally 2-3% of the tender value.

Question 7

In a tender, letter of intent

1) Is issued to successful tenderer.

2) Is issued after the signing of contract

3) Letter of intent contents are non-negotiable and strictly binding.

Which of the above statements are correct

Question 8

A Green Public Procurement (GPP) is

Question 9

Collusion among bidders to reduce competition is called

Question 10

A bidder conference is:

1) Collusion among bidders to reduce competition.

2) Illegal

3) Question and answer session of all bidders.

4) Legal

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Dec 18ESE & GATE CE