2026/2027 QUESTIONS AND SOLUTIONS RATED A+
✔✔Assignment of Contractor - ✔✔Occurs when one party to a contract transfers its
right under a contract to another party.
✔✔Post-Payment Audits - ✔✔Audits is comprised of three phases. Collecting of
information, Fieldwork, and Reporting.
✔✔Procurement Lead Time - ✔✔Make sure enough time is allowd.
✔✔Ways to Mitigate Risk - ✔✔Warranties and Maintenance, Remedies, and Licensing
and Certification Requirements.
✔✔Consanguinity - ✔✔Blood relative
✔✔Affinity - ✔✔Spouse's relative
✔✔First Degree (Affinity) - ✔✔Spouse, Spouse's Parents, Children's Spouses
✔✔Second Degree (Affinity) - ✔✔Spouse's Grandparents, Spouse's Grandchildren,
Spouse's Brothers & Sisters, Brothers & Sister's Spouses.
✔✔Third Degree (Affinity) - ✔✔Spouse's Great -grandparents, Spouses Great-
grandchildren, Spouse's Uncles & Aunts, & Uncles & Aunts Spouses, Nephews &
Nieces' Spouse.
✔✔2 Years - ✔✔How long after the contract is signed or the procurement is terminated
or withdrawn can can an officer or employee accept employment by the non-state
agency party to that contract?
✔✔4 Years - ✔✔How long after the potential contractor ceased being the executive
head of a state agency., are state agencies prohibited from contracting with their former
executive heads or with a person who employs a former executive head of any state
agency?
✔✔Substantial Conflict of Interest - ✔✔Has a controlling interest in the business entity.
Owns more than 10% of the voting interest in the business entity. Owns more than
$25,000 of the fair market value of the business entity. Has a direct or indirect
participating interest in shares, stock. Is a member of the board of directors or other
governing board of business entity. Is an employee of the business entity.
, ✔✔Public Procurement Professionals - ✔✔Entrusted to uphold the highest ethical
standards and be good stewards of public funds with every purchasing decision they
make.
✔✔Planning and Communication - ✔✔A critical step in the successful management of
contracts.
✔✔Contract Developers - ✔✔Facilitates the transition of documents and foundational
knowledge of the solicitation and contract.
✔✔Task to be Implemented - ✔✔Contract manger is ensuring each task will be
completed as the SOW requires.
✔✔Inspection Intervals/Timeline - ✔✔Provides the contract manager with a working
timeline.
✔✔Monitoring Method(s) - ✔✔Provides key elements of monitoring for the contract
manager.
✔✔Performance Evaluation and Assessment - ✔✔Determines if the contract should
include site visits, desk review, progress reports, and/or financial reports.
✔✔Performance Approval - ✔✔Should be in line with the terms and conditions of the
contract as well as the responsibility for each activity that is supposed to be completed.
✔✔Responsible Party - ✔✔Assigns the activity to an individual or party to ensure
activity occurs.
✔✔File Maintenance - ✔✔The specified records maintained in one complete master
contract file.
✔✔Planning Phase - ✔✔Important in setting methods to properly manage the contract.
✔✔Amount of Monitoring - ✔✔Important and must be balanced and adequate to meet
the need, but limited in type, scope, and frequency for sufficient desired results without
unnecessarily increasing cost.
✔✔Shipment Delivered in Error - ✔✔May be refused by an agency once confirmed.
✔✔31st Day - ✔✔A payment is considered overdue after the later of: (1) the receipt of
the goods; (2) performance of the services; or (3) receipt of the invoice for the goods or
services.