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Home
Directory of Certified Individuals
Approved SPD-Sponsored Courses
Course Catalog
Basic Texas Purchaser
Certified Texas Contract Developer
Certified Texas Contract Manager
Continuing Education Webinars
Continuing Education Live Events
Ethics and Refresher Courses
New User Registration
Login
Contact Us
FAQ
Introduction to Financial Capability and Insurance in Public Procurement Webinar and Quiz
Please sign up for the
course
before taking this quiz.
1.
If the contractor provides busing services to and from a worksite, which type of insurance should be required?
Professional Liability
Commercial Umbrella Excess Liability Coverage
Automobile
Commercial General Liability
2.
When assessing the financial capability of a vendor, which of the following should NOT be included with a vendor’s submission?
Balance sheet, profit loss statement or change in financial position
Any correspondence from vendors management in response to audit findings
Copies of most recent audited financial statements
Vendor reviews from Yelp and the Better Business Bureau
3.
When should you NOT request a Certificate of Insurance?
When two contracting parties sign an agreement to do work together and during renewal periods
After contract close out
When it is provided by the tenants in a lease agreement
When there are independent contractors stated in the contract fields
4.
An insurance policy’s aggregate limit is the highest amount of money the insurance company will pay for all claims made during a policy period.
True
False
5.
The Texas Procurement and Contract Management Guide is the primary resource used by SORM to determine to assist in developing proper insurance requirements for most contracts.
True
False
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Introduction to Financial Capability and Insurance in Public Procurement Webinar and
