Procurement Methods
This is the meaning of the acronym RFQ?
What is Request For quotation?
TSTT has ________ warehouses under their control in Trinidad
What is One Warehouse?
This is the meaning of the acronym TTBS
What is the Trinidad and Tobago Bureau of Standards
This is the meaning of the acronym OPR
What is the Office of Procurement Regulation?
This criteria is used for obtaining articles from the original supplier
What is Sole Source?
_______ is the meaning of the acronym RFP
What is Request For Proposal?
____________ is the Warehouse Supervisor in Trinidad
Who is Mark Sam?
________ is the Customs Broker for TSTT
Who is ISL?
This office holder is considered the Accounting Officer by the OPR
Who is the CEO/Kent Western?
This criteria is used for obtaining goods, works or services when the operations of the company could be seriously affected
What is Ad Hoc Break Downs or Business Emergencies?
The method used when bidding is open to the public
What is Open Bidding?
This is the meaning of the acronym MSR
What is Material Stock Request?
This is the meaning of the acronym GIT
What is Goods In Transit?
This is the name of the OPR's Supplier database
What is the Procurement Depository?
This criteria is used when a contractor is already operating
What is Contractor on Site?
This procurement method is restricted to a preferred group of bidders
What is Limited/Selective Bidding?
_________ is the name of the ERP system for Mobile inventory
What is ARIA?
The total cost of getting a product from the factory to a customer's door.
What is Landed Cost?
These are the two mandatory committees that must be constituted based on the proclamation of the Procurement Act
What is the PDAC and Disposal Committee?
This criteria is used when a Supplier is contracted to purchase and paid a down payment
What is Pre-sold Goods
This procurement method engages a specific bidder although there are many suppliers
What is Single Source Procurement?
On average TSTT stocks over $_______million in stock inventory
What is 100 to 150?
This term covers who is responsible for paying freight costs, insuring goods in transit and import/export duties.
What is Incoterms?
This is the year that simplified Procurement was implemented
What is 2023?
This is the minimum value necessary for a waiver
What is $10,000TTD?