FCR 110: Initiating the Project in Acquisition Planning |
FCR 110 Post Test Questions and Answers 2025
Update;Defense Acquisition University
,
,Cost-Reimbursement Contracts - -answer-Contracts most appropriate when the
requirement cannot be fully defined, where contractors are paid actual allowable
costs up to a maximum amount.
Cost-Plus-Fixed-Fee Contract - -answer-A type of cost-reimbursement contract
where the Government bears the majority of the cost risk.
Determinations and Findings (D&F) - -answer-A contract type required for cost-
reimbursement contracts.
Simplified Acquisition Procedures - -answer-Procedures defined in FAR part 13 for
acquisitions that do not exceed the Simplified Acquisition Threshold (SAT),
promoting efficiency and reducing administrative costs.
Sealed Bidding - -answer-A method for acquisitions exceeding the SAT, defined in
FAR part 14, best for price-related factors without discussions with bidders.
Contracting by Negotiation - -answer-One of the three primary contracting
methods used based on specific acquisition requirements.
FAR 16.601 - -answer-Defines the rules and regulations for using a time-and-
materials contract.
FAR 16.602 - -answer-Defines the rules and regulations for using a labor-hour
contract.
, FAR 16.3 - -answer-Contains other rules and regulations for using a cost-
reimbursement contract.
Uncertainties in Performance - -answer-Conditions that make it difficult to
accurately estimate contract costs, justifying the use of cost-reimbursement
contracts.
Contractor's Accounting System - -answer-Must be adequate for determining
costs applicable to the contract for cost-reimbursement contracts.
Monitoring Contractor Performance - -answer-Essential for ensuring the
contractor uses efficient methods and effective cost controls in cost-
reimbursement contracts.
Administrative Costs - -answer-Additional costs related to closely monitoring
contractor performance in time-and-materials and labor-hour contracts.
Commercial Item Threshold - -answer-The value limit for commercial item
acquisitions, which is higher than the SAT.
Small Business Concerns - -answer-Acquisitions at or below the SAT must be set
aside for small business concerns as per FAR 13.003(b).
Contracting by Negotiation - -answer-Defined in FAR part 15, it balances risk to
the Government, and price with technical and past performance considerations,
to give the best value when price-related factors alone cannot be used.
FCR 110 Post Test Questions and Answers 2025
Update;Defense Acquisition University
,
,Cost-Reimbursement Contracts - -answer-Contracts most appropriate when the
requirement cannot be fully defined, where contractors are paid actual allowable
costs up to a maximum amount.
Cost-Plus-Fixed-Fee Contract - -answer-A type of cost-reimbursement contract
where the Government bears the majority of the cost risk.
Determinations and Findings (D&F) - -answer-A contract type required for cost-
reimbursement contracts.
Simplified Acquisition Procedures - -answer-Procedures defined in FAR part 13 for
acquisitions that do not exceed the Simplified Acquisition Threshold (SAT),
promoting efficiency and reducing administrative costs.
Sealed Bidding - -answer-A method for acquisitions exceeding the SAT, defined in
FAR part 14, best for price-related factors without discussions with bidders.
Contracting by Negotiation - -answer-One of the three primary contracting
methods used based on specific acquisition requirements.
FAR 16.601 - -answer-Defines the rules and regulations for using a time-and-
materials contract.
FAR 16.602 - -answer-Defines the rules and regulations for using a labor-hour
contract.
, FAR 16.3 - -answer-Contains other rules and regulations for using a cost-
reimbursement contract.
Uncertainties in Performance - -answer-Conditions that make it difficult to
accurately estimate contract costs, justifying the use of cost-reimbursement
contracts.
Contractor's Accounting System - -answer-Must be adequate for determining
costs applicable to the contract for cost-reimbursement contracts.
Monitoring Contractor Performance - -answer-Essential for ensuring the
contractor uses efficient methods and effective cost controls in cost-
reimbursement contracts.
Administrative Costs - -answer-Additional costs related to closely monitoring
contractor performance in time-and-materials and labor-hour contracts.
Commercial Item Threshold - -answer-The value limit for commercial item
acquisitions, which is higher than the SAT.
Small Business Concerns - -answer-Acquisitions at or below the SAT must be set
aside for small business concerns as per FAR 13.003(b).
Contracting by Negotiation - -answer-Defined in FAR part 15, it balances risk to
the Government, and price with technical and past performance considerations,
to give the best value when price-related factors alone cannot be used.
