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NEW QUESTION 45
Danny is procuring a new IT software, which he doesn't know much about. He has done a bit of research on the internet but is still unsure how much he can expect to pay. What should be Danny's next step?

• A. Issue an ITT
• B. Issue an OJEU
• C. Issue a RFQ
• D. Issue a RFI

Answer: D

Explanation:
Danny should issue a RFI (Request for Information). His next step would be to find out more about the products available by asking suppliers for information- this will help him put a spec together before he goes out to tender. The other options mean; RFQ - request for quotation- when you ask suppliers to submit a price. ITT- Invitation to tender - a document you send out to suppliers which details all the information about the tender (this usually involves both price and quality components of assessment). OJEU- Official Journal of the European Union- where tenders for the Public Sector are published. For more info on RFI see p.74

NEW QUESTION 46
Which of the following is not a type of tender process used in the Public Sector?

• A. Competitive Dialogue
• B. Restricted
• C. Unrestricted
• D. Competitive Procedure with Negotiation

Answer: C

Explanation:
Unrestricted is not a type of tender. The 5 types are; open, restricted, competitive with negotiation, competitive dialogue and innovative partnership (though this last one is very rare in the public sector). The five types are explained in detail on p.77

NEW QUESTION 47
Which of the following statements are true of a market place which is considered a 'perfect competition'? Select TWO.

• A. competition is at its highest level possible
• B. competition is not strong
• C. there are no barriers to entry
• D. suppliers are selling differentiated products

Answer: A,C

Explanation:
In a 'perfect competition' there are no barriers to entry or exit, and competition is at its highest possible level. For more information on different types of market see p.40

NEW QUESTION 48
In which procurement process is a PQQ not issued?

• A. Competitive Dialogue
• B. Restricted
• C. Open
• D. Competitive Procedure with Negotiation

Answer: C

Explanation:
Open Tender processes are a one-stage process which issues and ITT. It has no PQQ (selection) stage. P. 77

NEW QUESTION 49
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