NIGP – CPP Exam Questions and
Answers Graded A+
You are leading the procurement for a new enterprise resource planning IT system
that will be deployed across the entity. Proposers likely will use various
subcontractors for integration, project management, and training. The users have
expressed concern about financial viability of the successful contractor; the entity
does not have the financial resources to mitigate risk from a default. What
requirement would best protect the entity? - Correct answer-Legal or statutory
requirements
You are leading the procurement for a new enterprise resource planning IT system
that will be deployed across the entity. Proposers likely will use various
subcontractors for integration, project management, and training. The users have
expressed concern about financial viability of the successful contractor; the entity
does not have the financial resources to mitigate risk from a default. What
requirement would best protect the entity? - Correct answer-Performance bond
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, Which type of contract pricing is appropriate when market or labor conditions are
unstable over an extended production period? - Correct answer-Fixed price with
escalation
Statutes, ordinances, charters, rules, regulations, policies and procedures are all
examples of: - Correct answer-Contract terms and conditions
The Statute of Frauds is a 1677 device passed by the English Parliament and
carried down to us by common law and the actions of state legislatures that: -
Correct answer-Requires certain promises and agreements to be evidenced in
writing
The three types of competition found in the market place are: - Correct answer-
Pure, imperfect and monopoly
What is the bidder's obligation when a bid that was accepted by the agency
contained minor clerical errors? - Correct answer-The bidder must perform the
contract.
Price fixing, bid rigging and restraints of trade are prohibited by this first of its
kind federal act. - Correct answer-Sherman Anti-Trust Act
Assignment clauses are often included in solicitations and contracts. What are they
and why do we need them? - Correct answer-Assignment allows either party to
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Answers Graded A+
You are leading the procurement for a new enterprise resource planning IT system
that will be deployed across the entity. Proposers likely will use various
subcontractors for integration, project management, and training. The users have
expressed concern about financial viability of the successful contractor; the entity
does not have the financial resources to mitigate risk from a default. What
requirement would best protect the entity? - Correct answer-Legal or statutory
requirements
You are leading the procurement for a new enterprise resource planning IT system
that will be deployed across the entity. Proposers likely will use various
subcontractors for integration, project management, and training. The users have
expressed concern about financial viability of the successful contractor; the entity
does not have the financial resources to mitigate risk from a default. What
requirement would best protect the entity? - Correct answer-Performance bond
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, Which type of contract pricing is appropriate when market or labor conditions are
unstable over an extended production period? - Correct answer-Fixed price with
escalation
Statutes, ordinances, charters, rules, regulations, policies and procedures are all
examples of: - Correct answer-Contract terms and conditions
The Statute of Frauds is a 1677 device passed by the English Parliament and
carried down to us by common law and the actions of state legislatures that: -
Correct answer-Requires certain promises and agreements to be evidenced in
writing
The three types of competition found in the market place are: - Correct answer-
Pure, imperfect and monopoly
What is the bidder's obligation when a bid that was accepted by the agency
contained minor clerical errors? - Correct answer-The bidder must perform the
contract.
Price fixing, bid rigging and restraints of trade are prohibited by this first of its
kind federal act. - Correct answer-Sherman Anti-Trust Act
Assignment clauses are often included in solicitations and contracts. What are they
and why do we need them? - Correct answer-Assignment allows either party to
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
