Professional Standards and Ethics Flashcards
7 cards from real CP3P practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Professional Standards and Ethics flashcards as text
A transaction advisor for a procuring authority was recently employed by a consortium now bidding on the same PPP. What is the most appropriate first step?
Answer: Declare the potential conflict of interest to the procuring authority
Potential conflicts must be disclosed so the authority can assess and mitigate them through recusal, firewalls, or other measures.
What is the primary role of a probity advisor in a PPP procurement?
Answer: Monitoring the process to ensure fairness, integrity, and adherence to procedures
A probity advisor independently oversees the procurement process to confirm it is fair, transparent, and consistent with stated rules.
During the bidding phase, a bidder's representative invites an evaluation panel member to an expensive sporting event. What should the panel member do?
Answer: Decline the invitation and report it according to the gifts and hospitality policy
Hospitality from bidders during an active procurement creates an appearance of bias and should be declined and reported.
Why should all bidders receive answers to clarification questions at the same time and in the same form?
Answer: To ensure equal treatment and prevent any bidder gaining an informational advantage
Equal treatment requires that relevant information is shared simultaneously with all bidders, typically anonymized.
Which practice best protects the confidentiality of bidders' commercial information during evaluation?
Answer: Restricting access to evaluators who have signed confidentiality undertakings
Confidentiality undertakings and controlled access protect proprietary information and the integrity of the process.
A government publishes the signed PPP contract and key performance data, redacting only genuinely commercially sensitive items. Which principle does this best demonstrate?
Answer: Proactive transparency and accountability
Disclosing contracts and performance information supports public accountability while protecting legitimate commercial confidentiality.
Under the U.S. Foreign Corrupt Practices Act, which act by a U.S. company pursuing an overseas PPP would be prohibited?
Answer: Paying a foreign official to influence the award of the concession
The FCPA prohibits offering anything of value to foreign officials to obtain or retain business.