And 100% Correct Answers |Graded A+ (2026/2027)
Risk Mitigation - answer -Insurance is a common risk mitigation measure.
Risk Mitigation - answer -For high risk procurements, it is recommended that agencies reserve
the right to determine the financial integrity and responsibility of a respondent and to reject a
response on the grounds of respondent's lack of financial soundness.
Evaluation - answer -Written questions submitted to the agency as directed in the solicitation
must be compiled, verbatim (with any spelling and grammatical errors) into a Q&A document.
Posting Requirements
ALL CONTRACT TYPES - answer -No later than 30 days after entering into any contract with a
private vendor for the purchase of goods and services, the contract and solicitation must be
posted to the agency's website if it is not already posted to the LBB under another requirement.
Posting Requirements
CONSTRUCTION, PROFESSIONAL SERVICES, AND CONSULTING SERVICES - answer -No later than
10 days after entering into one of these contracts, valued at more than $14,000, the contract
information, along with the contract itself and associated solicitation documents unless
otherwise exempted, must be posted to the LBB website
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, Posting Requirements
ALL CONTRACT TYPES - answer -No later than 30 days of contract award, information on any
contract, along with the contract itself and associated solicitation documents unless otherwise
exempted, that exceeds $50,000 must be posted to the LBB website.
Posting Requirements
ALL CONTRACT TYPES - answer -For agencies (other than higher ed) that receive appropriations
of at least $175M, a listing and description of all vendor contracts with a value more than
$100,000 must be posted on the agency's website.
Posting Requirements
IT COMMODITIES/SERVICES - answer -No later than 10 days after entering into a contract for IT
commodities or services with a value of more than $100,000, the contract information, along
with the contract itself and associated solicitation documents unless otherwise exempted, must
be posted to the LBB website.
Posting Requirements
SOLE SOURCE AND EMERGENCY PROCUREMENTS - answer -Prior to the date on which first
payment will be made but no later than 30 days of contract award or, for an emergency
purchase, within 48 hours of making a payment, information on any emergency or sole source
contract that exceeds $1M must be posted to the LBB website, along with the contract itself,
attestation letter and solicitation documents.
Posting Requirements
ALL CONTRACT TYPES - answer -Prior to the date on which first payment will be made but no
later than 30 days of contract award information on any contract that exceeds $10M must be
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