NJ QPA EXAM NEWEST ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

1 | P a g e NJ QPA EXAM NEWEST 2024-2025 ACTUAL EXAM COMPLETE 300 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+ A blank in shores that a contractor will pay his employees subcontractors and for all the products he uses on the project - ANSWER- Labor and material bond A blank provides protection of the products from break down during the term requested - ANSWER- A maintenance bond Advertisement must appear blank days before the bed except for solid waste which is a blank days - ANSWER- 10, 20, 60 Blank authority must be given in writing to the agent settling limits on products quantity and dollar amounts - ANSWERExpressed Blank authority is understated authority to purchase within guidelines - ANSWER- Implied 2 | P a g e Blank authority is when the supplier believes someone to have authority to make a purchase - ANSWER- Apparent The municipal authority finances must be blank and blank - ANSWER- Self liquidating and funded by user fees Special items of revenue are referred to as - ANSWER- Chapter 159 resolutions Blank and blank must approve dedication by rider's prior to the spending of public funds - ANSWER- The division of local government services and the governing body The blank is the form that is the basis for payment - ANSWERVoucher also known p.o In a blank program for parties must specify the quantities amount needed in advance the lead agency certified funds for all in the program funds must be transferred to the lead agency prior to avoid contract lead agent takes care of payments and deals directly with the vendor on behalf of all parties - ANSWER- Joint purchasing 3 | P a g e Blank is a cost reduction analysis by the contractor - ANSWERValue engineering proposal Blank price-fixing is an agreement between vendors at the same level of distribution Of products and services - ANSWERHorizontal Blank price-fixing is where different levels of distribution set price for a product/service. It sets minimum and maximum prices for resale - ANSWER- Vertical What serves as the basis for our present local public contracts law - ANSWER- P.l 1999, C 440 The most common types of specifications are - ANSWERPerformance and design FOB term most advantageous to an entity is FOB point of - ANSWER- Destination How can a local Governing body and act law in furtherance of the local Public contract law - ANSWER- By ordinance code or resolution 4 | P a g e What are contracting unit determines that a bit was not arrived at independently they must notify - ANSWER- The Attorney General the governing body and the county prosecutor The two types of law we are governed by Are - ANSWERStatutory law and Common Law The local government ethics law is - ANSWER- Title 40 a 9-22. One ET seq A form of bid rigging is - ANSWER- Rotating Bids , bid suppression and complementary bids Advisories from the division of local government services that have the force of regulation are called - ANSWER- Local finance notices Special improvement District budget must be approved by - ANSWER- The governing body Equalized valuation represents - ANSWER- The true value of all taxable property in a municipality