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Under what circumstances can a buyer reduce timescales for a tender in the Public Sector?
Suggested Answer: C
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The correct answer is 'no- quoting in the supplier's currency increases the risk for the buyer'. This questions comes up in a variety of formats in the exam. Remember; if the price is in your own currency (most examples in the exam are given in ) there is less risk than if the prices are quoted in a foreign currency. This is because exchange rates fluctuate; if the price is in you always know what you're paying, if it's in another currency the price can change daily depending on if the exchange rate compared to has gone up or down.
38 comments · newest first
AL
Alyce
11 months ago
I don't think fewer than 5 bidders should matter for timescales.
AN
Annamae
11 months ago
Electronic submissions definitely speed things up!
EZ
Ezekiel
12 months ago
Wait, can they really reduce timescales for low-value tenders?
YO
Youlanda
12 months ago
Totally agree, especially with restricted competitions!
IR
Ira
1 year ago
Tenders can be reduced if the competition is restricted.
VI
Virgie
1 year ago
I vaguely recall that low-value tenders might have different rules, but I’m uncertain if that applies to reducing timescales specifically.
CA
Casie
1 year ago
I feel like there was something about the number of bidders affecting the timeline, but I can't remember if it was fewer than 5 or more than that.
AL
Alonzo
1 year ago
I practiced a similar question where it mentioned electronic submissions could speed things up, but I can't recall if that's a valid reason for reducing timescales.
MA
Margot
1 year ago
I think I remember something about reducing timescales if the competition is restricted, but I'm not entirely sure if that's the only condition.
DO
Donte
1 year ago
Reducing timescales for a public tender - that's an interesting topic. I'll have to weigh the options and apply my knowledge of the relevant regulations.
LU
Lucy
1 year ago
Ah, I remember learning about this in class. I'm pretty confident I know the right answer, but I'll double-check my understanding just to be safe.
LU
Lucina
1 year ago
Okay, let's see. The key here is understanding the circumstances under which a buyer can reduce timescales. I'll need to review my notes on public procurement regulations.
ME
Melita
1 year ago
Hmm, I'm not too sure about this. The options seem a bit tricky - I'll need to think it through carefully.
DE
Dean
1 year ago
This looks like a straightforward question about public sector tendering rules. I think I can handle this one.
FA
Farrah
2 years ago
Hey, I heard if you show up to the tender in a clown costume, they have to let you win. No? Just me? Okay, back to the drawing board...
KA
Karan
1 year ago
C) if there are fewer than 5 bidders
SA
Salena
1 year ago
B) if the competition is restricted
AU
Audra
1 year ago
A) if tenders are received by electronic submission exclusively
CA
Carmelina
2 years ago
D is definitely the way to go. Low-value tenders? Ain't nobody got time for that! Slam dunk, baby.
GA
Gaynell
1 year ago
D) when the tender is of low value
KR
Kristofer
1 year ago
B) if the competition is restricted
MO
Mozell
1 year ago
A) if tenders are received by electronic submission exclusively
KA
Katina
2 years ago
C is the correct answer, of course. Fewer than 5 bidders? That's like a one-horse race, right? Might as well hurry it along.
AN
Annabelle
1 year ago
Agreed, reducing timescales makes sense when there's not much competition.
WI
Wilda
1 year ago
So true, might as well speed up the process in that case.
JO
Johnetta
2 years ago
Exactly, it's like a one-horse race with fewer than 5 bidders.
ME
Merilyn
2 years ago
Yes, C is the correct answer. Fewer bidders means less competition.
JU
Justine
2 years ago
I'd go with A. If tenders are received electronically, it makes sense to reduce the timescales. Who needs all that paperwork these days?
CH
Charlette
1 year ago
User 2: Yeah, it's much more efficient than dealing with physical paperwork.
JA
Janella
1 year ago
User 1: I agree, electronic submissions can definitely speed things up.
MA
Marta
2 years ago
But what if the competition is restricted? Wouldn't that also reduce timescales?
DE
Devora
2 years ago
I agree with Tegan. Electronic submission can definitely speed up the process.
MA
Maia
2 years ago
Option B seems logical, if the competition is restricted, the buyer can reduce the timescales. But I'm not sure if that's the only circumstance.
MA
Mabelle
1 year ago
Option B seems logical, if the competition is restricted, the buyer can reduce the timescales. But I'm not sure if that's the only circumstance.
SH
Sherrell
1 year ago
C) if there are fewer than 5 bidders
JU
Judy
2 years ago
B) if the competition is restricted
TE
Terry
2 years ago
A) if tenders are received by electronic submission exclusively
TE
Tegan
2 years ago
I think a buyer can reduce timescales if tenders are received by electronic submission exclusively.