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NIGP Exam Questions with Correct Answers
NIGP Exam Questions with 
Correct Answers 
 
A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder 
based on a monetary combination of the contract bid items (A) and the time (B) needed 
to complete the project or a critical portion of the project. It is used to motivate the 
contractor to minimize the overall time on high priority and high usage projects. This 
encourages contractors to finish early by (1) offering bonuses for early completion and 
(2) assessing fi...
- Package deal
- Exam (elaborations)
- • 16 pages •
NIGP Exam Questions with 
Correct Answers 
 
A+B Bidding - Answer-A cost-plus-time bidding procedure that selects the low bidder 
based on a monetary combination of the contract bid items (A) and the time (B) needed 
to complete the project or a critical portion of the project. It is used to motivate the 
contractor to minimize the overall time on high priority and high usage projects. This 
encourages contractors to finish early by (1) offering bonuses for early completion and 
(2) assessing fi...
NIGP Terms Volume III Exam Questions and Answers
NIGP Terms Volume 
III Exam Questions 
and Answers 
 
Advance Payments - Answer-Agreed upon disbursements between buyer and seller 
made prior to the delivery of the contracted goods and services. Payments may be for a 
stated amount or for a percentage of the purchase price. Sometimes referred to as 
Cash in Advance. 
Agreement - Answer-An understanding between two or more parties in which they state 
a common understanding and intention regarding past or future intentions or facts, 
sometimes ...
- Package deal
- Exam (elaborations)
- • 11 pages •
NIGP Terms Volume 
III Exam Questions 
and Answers 
 
Advance Payments - Answer-Agreed upon disbursements between buyer and seller 
made prior to the delivery of the contracted goods and services. Payments may be for a 
stated amount or for a percentage of the purchase price. Sometimes referred to as 
Cash in Advance. 
Agreement - Answer-An understanding between two or more parties in which they state 
a common understanding and intention regarding past or future intentions or facts, 
sometimes ...
NR547 Final Exam ACTUAL EXAM TEST BANK 200+ QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS)|AGRADE