Senior Auditors Mcqs
Senior Auditors Mcqs
Senior Auditors Mcqs
3. The principal method for the procurement of goods, services and works is
(A) open competitive bidding
(B) close competitive bidding
(C) FIFO
(D) LIFO
4. The bidder with the _______ evaluated bid shall be awarded the procurement
contract.
(A) highest
(B) lowest
(C) average
(D) zero variance
5. Where needed the procuring agency shall require the successful bidder to furnish a
performance guarantee which shall not exceed _______ of the contract amount.
(A) 5%
(B) 7.5%
(C) 10%
(D) 12.5%
6. The bids for procurement opportunities shall be submitted in a/an _______ package
or packages.
(A) open
(B) sealed
(C) transparent
(D) none of these
7. Where the procuring agency require the bidders to furnish a bid security, the bid
security should not exceed _______ of the bid price.
(A) 5.0%
(B) 7.5%
(C) 10.0%
(D) 12.5%
11. Where alternative technical proposals are possible, the bidding process used is
(A) single stage one envelope procedure
(B) single stage two envelope procedure
(C) two stage bidding procedure
(D) two stage two envelope bidding procedure
12. Where the bids are to be evaluated on technical and financial grounds and price is
taken into account after technical evaluation, the bidding process used is
(A) single stage one envelope procedure
(B) single stage two envelope procedure
(C) two stage bidding procedure
(D) two stage two envelope bidding procedure
13. In large and complex contracts where technically unequal proposals are likely to be
encountered, or there are two or more equally acceptable technical solutions available
to the procuring agency, the bidding process used is
(A) single stage one envelope procedure
(B) single stage two envelope procedure
(C) two stage bidding procedure
(D) two stage two envelope bidding procedure
14. Any bidder feeling aggrieved by any act of the procuring agency may lodge a written
complaint concerning his grievances not later than _______ days after the
announcement of the bid evaluation report.
(A) 7
(B) 10
(C) 15
(D) 30
15. The committee shall investigate and decide upon the complaint within _______ days
of the receipt of the complaint.
(A) 15
(B) 30
(C) 45
(D) 60