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CON 3990 TEST FINAL EXAM AND PRACTICE EXAM
2026/2027 QUESTIONS WITH DETAILED VERIFIED
ANSWERS / EXAM QUESTIONS AND VERIFIED
ANSWERS |ALREADY GRADED A+|
When a potential contractor is developing a proposal where cost
analysis will be performed, the potential contractor will need to
ensure it has excluded from the proposal any costs that are:
1. Undefinitized
2. Fee bearing
3. Indirect to the acquisition
4. Expressly unallowable - Answer-4. Expressly unallowable
You are planning an acquisition valued at $4.8 million for
construction services. Market research shows at least two small
businesses can perform the work at a fair price. What is your
obligation under FAR Part 19?
1. Set aside the acquisition for small business.
2. Conduct full and open competition.
3. Request a waiver from the SBA.
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4. Issue the solicitation unrestricted and encourage small
business participation. - Answer-1. Set aside the acquisition for
small business.
FAR Part 31 provides guidance on:
1. Protest procedures
2. Payment clauses
3. Contract cost principles
4. Commercial acquisitions - Answer-3. Contract cost principles
A Contracting Officer is reviewing a contractor's cost proposal
under a CPFF contract. Which principle applies when determining
if a cost is allowable?
1. Whether the cost is in the contractor's best interest
2. If the cost is reasonable, allocable, and follows FAR 31.201
3. Whether the cost was previously paid on another contract
4. If the cost supports small business subcontracting goals -
Answer-2. If the cost is reasonable, allocable, and follows FAR
31.201
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Which condition best supports use of a cost-reimbursement
contract?
1. Commercial item procurement
2. Clearly defined scope and schedule
3. Incomplete or high-risk technical requirements
4. Award based on lowest price technically acceptable (LPTA) -
Answer-3. Incomplete or high-risk technical requirements
A Contracting Officer is planning a complex R&D project involving
multiple stakeholders and unknowns. Which contract type is most
appropriate?
1. Firm-Fixed-Price (FFP)
2. Cost-Plus-Fixed-Fee (CPFF)
3. Time-and-Materials (T&M)
4. Fixed-Price Incentive - Answer-2. Cost-Plus-Fixed-Fee (CPFF)
Under the TINA (Truthful Cost or Pricing Data statute), certified
cost or pricing data is generally required when:
1. A contract exceeds the micro-purchase threshold
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2. Commercial items are purchased competitively
3. Negotiated contract action exceeds $2 million and no exception
applies
4. Any subcontractor is used on a cost-reimbursement contract -
Answer-3. Negotiated contract action exceeds $2 million and no
exception applies
What is the purpose of the Contract Pricing Reference Guide?
1. To outline protest procedures
2. To assist with cost and price analysis
3. To define contract types
4. To list FAR deviations - Answer-2. To assist with cost and price
analysis
A cost-reimbursement contract solicitation receives a proposal
with labor rates significantly lower than the government's
independent estimate. The contractor claims their rates are
competitive due to "efficient operations." What should the CO do?
1. Accept the proposal—low rates save taxpayer money.
2. Adjust the proposed costs upward to reflect likely actual costs.
CON 3990 TEST FINAL EXAM AND PRACTICE EXAM
2026/2027 QUESTIONS WITH DETAILED VERIFIED
ANSWERS / EXAM QUESTIONS AND VERIFIED
ANSWERS |ALREADY GRADED A+|
When a potential contractor is developing a proposal where cost
analysis will be performed, the potential contractor will need to
ensure it has excluded from the proposal any costs that are:
1. Undefinitized
2. Fee bearing
3. Indirect to the acquisition
4. Expressly unallowable - Answer-4. Expressly unallowable
You are planning an acquisition valued at $4.8 million for
construction services. Market research shows at least two small
businesses can perform the work at a fair price. What is your
obligation under FAR Part 19?
1. Set aside the acquisition for small business.
2. Conduct full and open competition.
3. Request a waiver from the SBA.
, Page |2
4. Issue the solicitation unrestricted and encourage small
business participation. - Answer-1. Set aside the acquisition for
small business.
FAR Part 31 provides guidance on:
1. Protest procedures
2. Payment clauses
3. Contract cost principles
4. Commercial acquisitions - Answer-3. Contract cost principles
A Contracting Officer is reviewing a contractor's cost proposal
under a CPFF contract. Which principle applies when determining
if a cost is allowable?
1. Whether the cost is in the contractor's best interest
2. If the cost is reasonable, allocable, and follows FAR 31.201
3. Whether the cost was previously paid on another contract
4. If the cost supports small business subcontracting goals -
Answer-2. If the cost is reasonable, allocable, and follows FAR
31.201
, Page |3
Which condition best supports use of a cost-reimbursement
contract?
1. Commercial item procurement
2. Clearly defined scope and schedule
3. Incomplete or high-risk technical requirements
4. Award based on lowest price technically acceptable (LPTA) -
Answer-3. Incomplete or high-risk technical requirements
A Contracting Officer is planning a complex R&D project involving
multiple stakeholders and unknowns. Which contract type is most
appropriate?
1. Firm-Fixed-Price (FFP)
2. Cost-Plus-Fixed-Fee (CPFF)
3. Time-and-Materials (T&M)
4. Fixed-Price Incentive - Answer-2. Cost-Plus-Fixed-Fee (CPFF)
Under the TINA (Truthful Cost or Pricing Data statute), certified
cost or pricing data is generally required when:
1. A contract exceeds the micro-purchase threshold
, Page |4
2. Commercial items are purchased competitively
3. Negotiated contract action exceeds $2 million and no exception
applies
4. Any subcontractor is used on a cost-reimbursement contract -
Answer-3. Negotiated contract action exceeds $2 million and no
exception applies
What is the purpose of the Contract Pricing Reference Guide?
1. To outline protest procedures
2. To assist with cost and price analysis
3. To define contract types
4. To list FAR deviations - Answer-2. To assist with cost and price
analysis
A cost-reimbursement contract solicitation receives a proposal
with labor rates significantly lower than the government's
independent estimate. The contractor claims their rates are
competitive due to "efficient operations." What should the CO do?
1. Accept the proposal—low rates save taxpayer money.
2. Adjust the proposed costs upward to reflect likely actual costs.
