CON 1400 EXAM REVIEW 2025/2026
QUESTIONS AND ANSWERS 100% PASS.
Contracts that have indirect rates, When should they be closed out? - ANS 36 months after
physical completion
Modification must be... - ANS In scope to make sure there is no undue burden on the
contractor
What is GFP? - ANS All property owned by or leased to the government or acquired by the
government and furnished to the contractor. This includes equipment: procured via purchase
order; furnished by the government; or built in-house.
GFP, when do we provide it - ANS a. To be in the Government's best interest;
b. That the overall benefit to the acquisition significantly outweighs the increased cost of
administration, including ultimate property disposal;
c. That providing the property does not substantially increase the Government's assumption of
risk
d. That Government requirements cannot otherwise be met.
What's the objective of ADR (Alternative Dispute Resolutions)? - ANS To increase the
opportunity for relatively inexpensive and expeditious resolution of issues in controversy.
Can the contractor rebut the CPARS rating? - ANS Yes
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, How long do we retain docs after closeout? - ANS 6 years
3 different types of terminations - ANS - Convenience
- Commercial or non-commercial for convenience
- Fault and for commercial, it is termination for cause
Gov has a right to terminate, partially or entire thing, for default or cause, when we do that if
the contractor fails to.... - ANS a. Any default by the Contractor
b. Contractor fails to comply with any contract terms and conditions
c. Contractor fails to provided the Government, upon request, adequate assurances of future
performance
What do we call the phase after contract has been awarded? - ANS Contract administration
Contracting Database is called what? - ANS CPARS
Contractor can rebut an unfavorable CPARS in what time? - ANS 14 days after invite
Who is responsible for Past performance information? - ANS KO
FAR Ref is 45.102, agencies are allowed to ________ - ANS Permit the property to be used
only when written authorization is provided
What are the most common liability risks to the Government in regards to GFP? -
ANS Program delay, timely delivery and replacement and suitability for use
The Contractor is required to perform property closeout to ensure there are no pending
property issues such as - ANS Open property loss cases
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
QUESTIONS AND ANSWERS 100% PASS.
Contracts that have indirect rates, When should they be closed out? - ANS 36 months after
physical completion
Modification must be... - ANS In scope to make sure there is no undue burden on the
contractor
What is GFP? - ANS All property owned by or leased to the government or acquired by the
government and furnished to the contractor. This includes equipment: procured via purchase
order; furnished by the government; or built in-house.
GFP, when do we provide it - ANS a. To be in the Government's best interest;
b. That the overall benefit to the acquisition significantly outweighs the increased cost of
administration, including ultimate property disposal;
c. That providing the property does not substantially increase the Government's assumption of
risk
d. That Government requirements cannot otherwise be met.
What's the objective of ADR (Alternative Dispute Resolutions)? - ANS To increase the
opportunity for relatively inexpensive and expeditious resolution of issues in controversy.
Can the contractor rebut the CPARS rating? - ANS Yes
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
, How long do we retain docs after closeout? - ANS 6 years
3 different types of terminations - ANS - Convenience
- Commercial or non-commercial for convenience
- Fault and for commercial, it is termination for cause
Gov has a right to terminate, partially or entire thing, for default or cause, when we do that if
the contractor fails to.... - ANS a. Any default by the Contractor
b. Contractor fails to comply with any contract terms and conditions
c. Contractor fails to provided the Government, upon request, adequate assurances of future
performance
What do we call the phase after contract has been awarded? - ANS Contract administration
Contracting Database is called what? - ANS CPARS
Contractor can rebut an unfavorable CPARS in what time? - ANS 14 days after invite
Who is responsible for Past performance information? - ANS KO
FAR Ref is 45.102, agencies are allowed to ________ - ANS Permit the property to be used
only when written authorization is provided
What are the most common liability risks to the Government in regards to GFP? -
ANS Program delay, timely delivery and replacement and suitability for use
The Contractor is required to perform property closeout to ensure there are no pending
property issues such as - ANS Open property loss cases
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED.
