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CGFO - Financial Administration - Purchasing/Procurement All Possible Questions and Answers with complete solution
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---5February 20252024/2025A+
- Cooperative Pitfalls - ️️No cost-savings unless all participants buy 
No enforce-ability invites abuse 
Prompt Payment - ️️Pay contractor within 30 days 
Slow paying affects competition: 
Increased prices 
Slow cash flow 
Reduced participation 
F.S. 287.055 - ️️Consultants Competitive Negotiation Act (CCNA) 
Engineers, architects, etc. 
Price not a determining factor 
No fewer than three firms considered 
F.S. 288.7055 - ️️State Contracts - Florida Small Business Development 
Rei...
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