Procurement Analyst
A procurement Analyst is a professional responsible for sourcing, evaluating, and purchasing the goods, services, and materials an organization needs to operate while managing supplier relationships and controlling costs
Quiz Questions
Q244: A performance bond expires before the works are complete. What is the correct action?
Skip competition because it saves time
Take no action because nobody has asked
Wait until someone else complains
Share the information with a favored bidder
Require the contractor to extend or renew the bond before it lapses
Q245: In procurement, Operating expenditure (OPEX) refers to which of the following?
Paying the same invoice more than once
The current market price for immediate delivery
Day-to-day running costs
A contract in which the buyer reimburses actual costs plus an agreed fee
Preventing defects by managing processes
Q246: An interim payment of 35,000 is certified and 5% retention is deducted. What amount is paid now?
33,250
1,750
35,000
36,750
34,995
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