PROCUREMENT

Which of the following methods does not require a licensed architect, engineer, or land surveyor?

• Construction Manager
• Design-Build
• Lease-Purchase
• Construction Bid

A performance bond is required when the project amount exceeds______________.

• $15,000
• $10,000
• $5,000
• $25,000

Capital spending is reserved for supplies, payroll, and maintenance.

• True
• False

The Missouri Prompt Payment Act 

• makes sure contractors and suppliers are paid in timely manner.
• requires payments to contractors  at least monthly and within 30 days after completion.
• says a school district can retain certain amounts until the district can verify the completion of the project.
• All of the above are correct.

A conflict of interest exists when 

• a board member has inside information on a bid and earns the contract.
• An outside bidder is awarded a contract.
• a previous bidder is awarded a contract.
• No bid was required for a project.

Advertising is not required for construction bids under $50,000

• True
• False

The procurement process does not require checks and balance.

• True
• False

An independent contractor is not considered an employee of the district.

• True
• False

This has been one of the best presentations we've ever seen...hands down!

• True
• False
• You guys are pushing it!
• Great, but maybe not the best.

I am much more knowledgeable about procurement and the bidding process than before, and I am thinking of changing my career.

• No way Jose!
• Absolutely!
• I get it, but I probably won't quit my day job!
• Are you kidding me???