CON 3990 EXAM (Latest Update 2026 /
2027) questions and Verified Answers
100% Correct
What is express actual authority? - correct answer is created by explicit language,
either in writing or verbal.
It should be noted that the spoken word is generally as binding as the written word;
however it is sometimes more difficult to prove.
What is apparent authority? - correct answer Apparent authority exists when
someone reasonably believes an individual has the authority to act on behalf of the
Government, based on his or her conduct, even though that individual has no actual
authority to bind the Government.
What is consideration? - correct answer Something of value that a promisor receives
from the promisee in return for his or her offer.
Aka the reason a party would seek to enter into a contract Can be money, action, non
action or property
A contract is not enforceable without - correct answer consideration
,What is lawful purpose? - correct answer A contract is unenforceable if any term is
contrary to public policy / against the law
What is capacity? - correct answer the ability to understand and appreciate the terms
of the contract
What is the Gov policy on acquiring tech date for non-commercial items? - correct
answer Only acquire data to satisfy agency needs
What shall the soliciation include regarding tech data? - correct answer the tech date
to be delivered under contract and schedule
Establish procedure for determining acceptability of data
Establish separate clins for tech data to be delivered (priced separately)
Require offerors to identify tech data to be furnished with restrictions
Generally speaking, which contracts utilize cost type vs fp type contracts? - correct
answer Cost type is for unknown parameters (R&D, no definite schedule or quantity)
FP type is for known parameters and costs (production)
An offeror builds an offer based off of its own - correct answer business strategy and
operating procedures even though they are aware the Gov must follow laws and
regulations
,The post award phase is comprised of (2) - correct answer Perform contract
Close contract
Who is responsible for administering the contract after award? - correct answer The
Gov and the Contractor
What is the main area of focus during the contract administration phase? - correct
answer quality of contract performance
What are the thresholds for J&A approval - correct answer under $750 - KO approval
Over $750k and under $100M - HCA
Over $100M - senior procurement executive
What are the basic elements required for a contract to be legally binding (4) - correct
answer mutual assent (valid offer and acceptance)
Adequate consideration
Capacity
Legality
What is implied actual authority? - correct answer authority to do what is usual,
customary and necessary to accomplish the action
, Implied actual authority differs from express actual authority in that no express
agreement is executed
(e.g., when an individual is assigned a task to accomplish but the minor details are not
spelled out either verbally or in writing, this is an example of implied actual authority).
What is mutual assent? - correct answer when each party makes a promise or begins
to render performance
Offer placed by one party and acceptance by the other
What is a commercial product? - correct answer a product that is used by the general
public for purposes other than governmental purposes or
A product evolved from the above which is not yet available to the market,
Or a product like the above, slightly modified for gov use or
A nondevelopmental item
What is a commercial service? - correct answer includes installation, maintenance,
repair, training if procured in support of commercial product and/or are provided to
the general public as well
2027) questions and Verified Answers
100% Correct
What is express actual authority? - correct answer is created by explicit language,
either in writing or verbal.
It should be noted that the spoken word is generally as binding as the written word;
however it is sometimes more difficult to prove.
What is apparent authority? - correct answer Apparent authority exists when
someone reasonably believes an individual has the authority to act on behalf of the
Government, based on his or her conduct, even though that individual has no actual
authority to bind the Government.
What is consideration? - correct answer Something of value that a promisor receives
from the promisee in return for his or her offer.
Aka the reason a party would seek to enter into a contract Can be money, action, non
action or property
A contract is not enforceable without - correct answer consideration
,What is lawful purpose? - correct answer A contract is unenforceable if any term is
contrary to public policy / against the law
What is capacity? - correct answer the ability to understand and appreciate the terms
of the contract
What is the Gov policy on acquiring tech date for non-commercial items? - correct
answer Only acquire data to satisfy agency needs
What shall the soliciation include regarding tech data? - correct answer the tech date
to be delivered under contract and schedule
Establish procedure for determining acceptability of data
Establish separate clins for tech data to be delivered (priced separately)
Require offerors to identify tech data to be furnished with restrictions
Generally speaking, which contracts utilize cost type vs fp type contracts? - correct
answer Cost type is for unknown parameters (R&D, no definite schedule or quantity)
FP type is for known parameters and costs (production)
An offeror builds an offer based off of its own - correct answer business strategy and
operating procedures even though they are aware the Gov must follow laws and
regulations
,The post award phase is comprised of (2) - correct answer Perform contract
Close contract
Who is responsible for administering the contract after award? - correct answer The
Gov and the Contractor
What is the main area of focus during the contract administration phase? - correct
answer quality of contract performance
What are the thresholds for J&A approval - correct answer under $750 - KO approval
Over $750k and under $100M - HCA
Over $100M - senior procurement executive
What are the basic elements required for a contract to be legally binding (4) - correct
answer mutual assent (valid offer and acceptance)
Adequate consideration
Capacity
Legality
What is implied actual authority? - correct answer authority to do what is usual,
customary and necessary to accomplish the action
, Implied actual authority differs from express actual authority in that no express
agreement is executed
(e.g., when an individual is assigned a task to accomplish but the minor details are not
spelled out either verbally or in writing, this is an example of implied actual authority).
What is mutual assent? - correct answer when each party makes a promise or begins
to render performance
Offer placed by one party and acceptance by the other
What is a commercial product? - correct answer a product that is used by the general
public for purposes other than governmental purposes or
A product evolved from the above which is not yet available to the market,
Or a product like the above, slightly modified for gov use or
A nondevelopmental item
What is a commercial service? - correct answer includes installation, maintenance,
repair, training if procured in support of commercial product and/or are provided to
the general public as well
