Procurement and Contract Management-Answer Key

Answer Key - Practice Exam

Pdf Summary

The provided document is a final exam for Procurement and Contract Administration, authored by NAHRO. The exam is formatted as a true or false test, followed by a series of questions with brief answers focusing on key concepts relating to procurement practices, regulations, and standards in public housing.

Key topics include:

1. <strong>HUD Regulations and Procedures</strong>: The exam references the HUD Handbook 7460.8 Rev. 2, requiring public bid openings for amounts over $250,000 and keeping proposals confidential until a decision is made.

2. <strong>Responsibilities and Requirements</strong>: The contractor holds ultimate responsibility for compliance with federal, state, and local laws, not for verifying exclusions from federal procurement programs. The document also highlights various regulations concerning proposal evaluations and procurement thresholds.

3. <strong>Procurement Methods</strong>: It addresses different methods like RFQ (Request For Qualifications), RFP (Request For Proposals), and IFB (Invitation For Bids), and outlines when each is appropriately used. Additionally, time and material contracts are not the preferred method by HUD.

4. <strong>Sole Bidding and Competitive Procedures</strong>: Contracts over a small purchase threshold cannot be awarded based solely on a single bid without HUD approval. There are specified limits for competitive and non-competitive proposals and requirements for on-site wage verification.

5. <strong>Contract Administration Elements</strong>: Important components include specifications on document requirements (like non-collusive affidavits and wage decisions), obligatory pre-construction conferences, and the significance of Section 3 compliance in proposals.

6. <strong>Legal Obligations and Compliance</strong>: It highlights obligations such as providing a bid guarantee, the necessity for a county’s board of commissioners to delegate procurement authority, and the regularity of conducting wage interviews.

Overall, the exam is structured to evaluate an individual's knowledge of procurement rules, contract administration practices, and HUD regulations pertinent to public housing authorities.

Keywords

Procurement

Contract Administration

HUD Regulations

Public Housing

Bid Openings

Proposal Evaluations

Procurement Methods

Competitive Procedures

Legal Compliance

Section 3 Compliance