ibps-so 2016 · Question 41 of 394

Chandrabhaga Urban Bank proposes to procure a new treasury package. Before any tender document is issued or any price is invited, the purchase committee will publish a notice inviting interested software suppliers to submit their audited accounts of the last three years, their technical manpower, the installations of comparable size they have already made in Indian banks, their quality certi cations and their support arrangements. Those who meet the stated thresholds will be placed upon a short list, and only they will afterwards be sent the tender and asked to quote. Those who do not will be told so and will not be sent the tender at all. The exercise so described, namely supplier prequali cation, is correctly de ned as:

1. AThe assessment of prospective suppliers against declared criteria of nancial standing, technical capability and past performance, carried out before tenders are invited, in order to arrive at a short list of suppliers who alone will be invited to bidCorrect
2. BThe evaluation of the prices quoted by the suppliers who have already bid, in order to select the lowest evaluated o er
3. CThe inspection of the software actually delivered by the successful supplier, in order to establish that it conforms to the contract
4. DThe periodic rating of a supplier already engaged, upon the quality and timeliness of the work he has delivered during the contract
5. EThe negotiation of the terms of payment, the warranty period and the penalty for delay with the supplier who has been selected