Procurement #s Flashcards
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What is due date of contractor invoice if LG rep must first approve?
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25 business days from date invoice is stamped received.
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What is due date of contractor invoice & When does Interest hit, %?
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CONSTRUCTION:
LG need approve?
LG need not first approve?
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NONCONSTRUCTION:
General.
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CONSTRUCTION:
APP: 25 business days from date invoice stamped received.
NO APP: 20 bus days.
2% on due date.
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NON-CONSTRUCTION:
45 calendar days
1% 30 days thereafter.
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State the due dates & interest under Prompt Payment Act for:
Construction
a) Invoice does not need approval.
b) Invoice requires approval.
Non-Construction.
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CONSTRUCTION:
a) No approval needed = 20 BUSINESS days.
b) Approval needed = 25 BUSINESS days.
c) 2% interest on due date.
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NON-CONSTRUCTION:
a) 45 CALENDAR days.
b) 30 days thereafter get 1% interest.
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What is significance of LG’s receipt of overdue notice?
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how remember? O-W-E-D & L-A-T-E = 4 ltr words
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After 4 business days of delivering an overdue notice, if LG does not reject the invoice it is deemed undisputed.
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What is LG required to do if it disputes the invoice or the overdue notice?
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w/i 20 days of receipt, provide written rejection, specifying deficiency & stating action to rectify.
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If LG sent contractor a written rejection of an invoice & contractor revises the invoice, what now must LG do?
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r-e-v-i-s-e-d p-a-y
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Pay or notice rejection:
a) w/i 10 business days of receipt or
b) 1st business day after LG’s next meeting.
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How long does a contractor have to pay its subs after receiving LG payment?
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10 days.
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How long does subcontractor have to pay the sub-subcontractors after receiving contractor’s payment?
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7 days.
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What are penalties for late payment?
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2% per month (more if agreed to in K).
NEW 2021 used to be 1%,
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What procedure must LG initiate if there is a payment dispute?
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• w/i 45 days proper invoice was received,
commence its established dispute resolution procedure.
• w/i 60 days proper invoice was received, have final decision.
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Re: construction
Threshold amt requiring LG to announce for pro services?
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BONUS - state the 5 thresholds.
1) $20k
2) $35k
3) $65k
4) $195k
5) $325k
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*confirmed 287.017
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Re: planning or study activity
Threshold amt requiring LG to announce for pro services?
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Exceeds $35k.
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What work is covered by 255.20?
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Public Construct
Inc. bridges, roads, streets, hiways, RRs
• May req qualf
• DQ if 10% behind
• Prequl by DOT
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What is dollar threshold for Construction?
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Over $300k*
* Includes labor, equip + materials
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What is dollar threshold for Electrical?
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Over $75k
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What is dollar threshold for Roads?
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Over $250k
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GET CLARIFICATION.
There are different thresholds for 255.20 & 287.055, so how can 255.20 require comply w/ 287.055?
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255.20
Constr. over $300k* *Includes labor, equip + mats
Roads. over $250k
Elect. over $75k.
CCNA
Constr. over $325k
Study/Plan over $35k
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What are 2 exemptions under 255.20?
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- County roads, FS 336
- No req to comp award anything if $300k or less
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What’s the pre-requisite to Self Hire exception to new const of pub facilities, 255.20?
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- Pub mtg w/ 21 days notice
- Hear from Ktor who wd have gotten the job
- Consid econ dev, tax revs, wh/ ktor offers hlth ins.
- Dets in best interest to use Staff
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How much overhead paid on Self-Hire?
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Get 20% admin
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What are 3 performance mandates on a Self-Hire?
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Use lic ktor if over $300k
Inspected just like private proj.
Submit report to Auditor Gen & make public.
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When are preferences prohibited under 255.20?
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50% State funding prohibits:
1) Local preference in construction
2) Wages, benes, source or amt of staffing pref in utility const.
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What amt can set aside for optional MBE preference?
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May set up to 10% aside
+
Encourage 20% bond writing
Equal protection suit @ 30%
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Threshold for when to competitively bid?
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$300k constr.
$250k roads.
$75k elec.
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~confirmed. not just optional prequal but MUST competitively bid.