CON 3990 Exam FAR Parts (Latest Update
) questions and Verified
Answers 100% Correct
Personal Conflicts of interest: - correct answer FAR part 3 covers polices and
procedures related to avoiding improper business practices and personal conflicts of
interest. A "personal conflict of interest" is a situation where an individual is employed
by a defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity, or appear to
be unduly influenced by personal financial interest.
Organizational Conflicts of interest: - correct answer An OCI is the existence of a set
of circumstances in which a contractor may be unable to render impartial advice to the
government, or might have impaired objectivity in performing contracted work, or may
obtain an unfair competitive advantage in the marketplace when competing for
government work where that unfair advantage is obtained performing a government
contract.
There are three broad categories of Organizational Conflicts of interest OCI: - correct
answer 1. Unequal Access
,2. Impaired Objectivity
3. Biased Ground Rules
Three basic approaches available to contractors and the Agency for dealing with OCI
issues, as follows: - correct answer 1. Avoid - Prevent the occurrence of an actual or
potential OCI through actions such as excluding sources from competition or
eliminating a segment of work from a contract or task.
2. Neutralize - Negate, through a specific action, potential or actual OCI related to
either a contractor's objectivity during contract performance, or unfair competitive
advantage. Specific actions could include encouraging and facilitating support
contractor recusal, excluding or severely limiting support contractor participation in
source selection activities, and/or otherwise barring access to competition sensitive
data.
3. Mitigate - Reduce or alleviate the impact of unavoidable OCIs to an acceptable level
of risk so that the government's interests with regard to fair competition and contract
performance are not prejudiced. This is facilitated in developing an OCI mitigation plan
(DFARS 209.571-4).
Contractor Code of Business Ethics and Conduct: - correct answer 1. Per FAR 3.1002,
Government contractors must conduct themselves with the highest degree of integrity
and honesty. Contractors should have a written code of business ethics and conduct.
,Facilities and Capital Cost of Money Form - correct answer DD1861
Weighted Guidelines Form - correct answer DD FORM 1547
Abstract of Offers Form - correct answer SF1409
On the spot/over the counter Form - correct answer SF 44
Contract Security Specs Form - correct answer DD254
Contract Modifications Form - correct answer SF30
Construction Form - correct answer SF 1442
Negotiated Contracts Form
Simplified Acquisitions Form -
Sealed Bid Form
Commercial Acquisition Form - correct answer SF 1449
, Treatment of contractors must be: - correct answer FAR 1.62-2(d)(7)
Impartial
Fair
Equitable
Methods of disseminating information: - correct answer FAR 5.101
Publishing synopsis in a public place above 15K and in the government point of entry
above 25k.
Contract Files: - correct answer FAR subpart 4.8
Tells the story of the contract and is filed in the national archives upon close out.
Electronic Commerce - correct answer (FAR 4.502)
Use it whenever possible as a cost saving measure.
Cost, quality and timeliness - correct answer Satisfy the customer in terms of Cost,
quality and timeliness of the delivered product or service. The principal customers for
the product or service provided by the system are the users and line managers, acting
on behalf of the American taxpayer.
Determination and findings: - correct answer FAR 1.701
) questions and Verified
Answers 100% Correct
Personal Conflicts of interest: - correct answer FAR part 3 covers polices and
procedures related to avoiding improper business practices and personal conflicts of
interest. A "personal conflict of interest" is a situation where an individual is employed
by a defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity, or appear to
be unduly influenced by personal financial interest.
Organizational Conflicts of interest: - correct answer An OCI is the existence of a set
of circumstances in which a contractor may be unable to render impartial advice to the
government, or might have impaired objectivity in performing contracted work, or may
obtain an unfair competitive advantage in the marketplace when competing for
government work where that unfair advantage is obtained performing a government
contract.
There are three broad categories of Organizational Conflicts of interest OCI: - correct
answer 1. Unequal Access
,2. Impaired Objectivity
3. Biased Ground Rules
Three basic approaches available to contractors and the Agency for dealing with OCI
issues, as follows: - correct answer 1. Avoid - Prevent the occurrence of an actual or
potential OCI through actions such as excluding sources from competition or
eliminating a segment of work from a contract or task.
2. Neutralize - Negate, through a specific action, potential or actual OCI related to
either a contractor's objectivity during contract performance, or unfair competitive
advantage. Specific actions could include encouraging and facilitating support
contractor recusal, excluding or severely limiting support contractor participation in
source selection activities, and/or otherwise barring access to competition sensitive
data.
3. Mitigate - Reduce or alleviate the impact of unavoidable OCIs to an acceptable level
of risk so that the government's interests with regard to fair competition and contract
performance are not prejudiced. This is facilitated in developing an OCI mitigation plan
(DFARS 209.571-4).
Contractor Code of Business Ethics and Conduct: - correct answer 1. Per FAR 3.1002,
Government contractors must conduct themselves with the highest degree of integrity
and honesty. Contractors should have a written code of business ethics and conduct.
,Facilities and Capital Cost of Money Form - correct answer DD1861
Weighted Guidelines Form - correct answer DD FORM 1547
Abstract of Offers Form - correct answer SF1409
On the spot/over the counter Form - correct answer SF 44
Contract Security Specs Form - correct answer DD254
Contract Modifications Form - correct answer SF30
Construction Form - correct answer SF 1442
Negotiated Contracts Form
Simplified Acquisitions Form -
Sealed Bid Form
Commercial Acquisition Form - correct answer SF 1449
, Treatment of contractors must be: - correct answer FAR 1.62-2(d)(7)
Impartial
Fair
Equitable
Methods of disseminating information: - correct answer FAR 5.101
Publishing synopsis in a public place above 15K and in the government point of entry
above 25k.
Contract Files: - correct answer FAR subpart 4.8
Tells the story of the contract and is filed in the national archives upon close out.
Electronic Commerce - correct answer (FAR 4.502)
Use it whenever possible as a cost saving measure.
Cost, quality and timeliness - correct answer Satisfy the customer in terms of Cost,
quality and timeliness of the delivered product or service. The principal customers for
the product or service provided by the system are the users and line managers, acting
on behalf of the American taxpayer.
Determination and findings: - correct answer FAR 1.701
