CON 1300 EXAM STUDY GUIDE
What-is-an-offer?---ans-✔✔A-response-to-a-solicitation-that,-if-accepted,-would-bind-the-
offeror-to-perform-the-resultant-contract.
Does-a-quotation-include-specs,-technical,-and-past-performance-on-a-quote?---ans-
✔✔No,-that's-a-proposal-(A-quote-has-money,-proposal-has-other-stuff-in-it)
LPTA,-Do-we-have-anything-we-tradeoff-in-an-LPTA?---ans-✔✔No,-Tradeoff-process-if-
you-are-trading-anything-off.-LPTA,-look-at-if-it-is-yes-or-no-for-technically-acceptable,-if-
yes---get-the-lowest-price
What-risk-is-associated-with-a-contractor-not-meeting-objectives?---ans-✔✔Performance-
Risk
What-is-not-a-Key-Risk-Element:-cost,-schedule,-subcontracting,-performance?---ans-
✔✔Subcontracting
(Cost,-Schedule,-and-Performance-are-Key-Risk-Elements)
True-or-False:
We-use-proposal-analysis-to-determine-if-final-price-is-fair-and-reasonable?---ans-✔✔True
If-we-are-performing-price-analysis,-do-we-compare-separate-line-item-prices?---ans-
✔✔No-we-don't,-that-is-cost-analysis
Is-government-furnished-property-a-priced-related-factor?---ans-✔✔Yes
What-is-the-price-adjustment-for-HUB-Zones?---ans-✔✔10%-price-adjustment-to-all-non-
small-and-non-HUBZone-businesses.
When-we-aren't-doing-tradeoff,-what-price-do-we-go-with?---ans-✔✔Lowest-Price-
Technically-Acceptable-(LPTA)
When-we-have-certified-cost-of-pricing-data,-what-type-of-analysis-are-we-going-to-do?---
ans-✔✔Cost-Analysis
What-is-an-offer?---ans-✔✔A-response-to-a-solicitation-that,-if-accepted,-would-bind-the-
offeror-to-perform-the-resultant-contract.
Does-a-quotation-include-specs,-technical,-and-past-performance-on-a-quote?---ans-
✔✔No,-that's-a-proposal-(A-quote-has-money,-proposal-has-other-stuff-in-it)
LPTA,-Do-we-have-anything-we-tradeoff-in-an-LPTA?---ans-✔✔No,-Tradeoff-process-if-
you-are-trading-anything-off.-LPTA,-look-at-if-it-is-yes-or-no-for-technically-acceptable,-if-
yes---get-the-lowest-price
What-risk-is-associated-with-a-contractor-not-meeting-objectives?---ans-✔✔Performance-
Risk
What-is-not-a-Key-Risk-Element:-cost,-schedule,-subcontracting,-performance?---ans-
✔✔Subcontracting
(Cost,-Schedule,-and-Performance-are-Key-Risk-Elements)
True-or-False:
We-use-proposal-analysis-to-determine-if-final-price-is-fair-and-reasonable?---ans-✔✔True
If-we-are-performing-price-analysis,-do-we-compare-separate-line-item-prices?---ans-
✔✔No-we-don't,-that-is-cost-analysis
Is-government-furnished-property-a-priced-related-factor?---ans-✔✔Yes
What-is-the-price-adjustment-for-HUB-Zones?---ans-✔✔10%-price-adjustment-to-all-non-
small-and-non-HUBZone-businesses.
When-we-aren't-doing-tradeoff,-what-price-do-we-go-with?---ans-✔✔Lowest-Price-
Technically-Acceptable-(LPTA)
When-we-have-certified-cost-of-pricing-data,-what-type-of-analysis-are-we-going-to-do?---
ans-✔✔Cost-Analysis
