Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 4 out of 186 pages
Exam (elaborations)

FAC-C (Professional) Practice Questions and Correct Answers Exam Preparation Material

Document preview thumbnail
Preview 4 out of 186 pages

FAC-C (Professional) Practice Questions and Correct Answers Exam Preparation Material The contracting lifecycle consists of three phases: Preaward, award, & postaward

Content preview

FAC-C (PROFESSIONAL) PRACTICE QUESTIONS AND
04/17/2026
CORRECT ANSWERS EXAM




FAC-C (Professional) Practice Questions and Correct Answers
Exam Preparation Material

The contracting lifecycle consists of three phases:

Preaward, award, & postaward




The preaward phase involves:

All the work performed by both the buyer (Government or prime contractor) and seller (contractor or
subcontractor in communicating the buyer's requirements and providing a solution to those
requirements.




Typically start befor the contracting process:

Requirements definition, budgeting/funding process, and acquisition planning.




Preaward phase consists of two primary activities:

Develop solicitation (Government) and develop offer (Contractor).




In planning the solicitation, the buying activity must:

Assess the need, analyze the requirement, ensure contract outcomes will be measurable and properly
incentivized, and verify the availability of funds.




What two FAR parts are key resources in developing the solicitation?
4/17/2026




FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs


1

, FAC-C (PROFESSIONAL) PRACTICE QUESTIONS AND
04/17/2026
CORRECT ANSWERS EXAM




Buying activities must conduct ___ to identify potential suppliers, evaluate if the requirement is
achievable, and perform any pre-offer conferences or communication.

Market Research




What FAR part is a key resource for conducting Market Research?

FAR Part 10 Market Research




How do buying activities analyze risk?

Performing make or buy decisions; conducting a supply or services determination; and understanding
the required schedule or needs of the customer including the need for property (including intellectual
property).




What FAR/DFARS resources can assist in analyzing risks?

FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance Schedules; FAR Part
45 Government Property; DFARS Part 227 Patents, Data, & Copyrights.




Primary FAR resource for information about contract types:

FAR Part 16 Types of Contracts




Which FAR Part addresses publicizing contract actions?
4/17/2026




FAR Part 5




2

, FAC-C (PROFESSIONAL) PRACTICE QUESTIONS AND
04/17/2026
CORRECT ANSWERS EXAM




What is the second phase of the contract lifecycle?

Contract Award




What is the one activity in the award phase?

Form contract




When it receives offers, the buying activity (Government) must:

Analyze proposals in terms of risk, review for price reasonableness, and document results of the
analysis.




FAR Part ___, ___ ___ gives guidance that can be generalized for contract methods beyond those
covered by the rest of FAR Part 15.

15.404, Proposal Analysis




To plan for negotiations, the buying activity may ask for ___ from offerors and then develop ___ ___.

Clarification, negotiation objectives.




In all cases, ___ must explain the process that arrived at an offeror being awarded a contract.

Documentation
4/17/2026




What FAR/DFARS Parts discuss the protest processes?

FAR Subpart 33.1; DFARS Subpart 233.1.

3

, FAC-C (PROFESSIONAL) PRACTICE QUESTIONS AND
04/17/2026
CORRECT ANSWERS EXAM




The third contract lifecycle phase is ___.

Postaward




The postaward phase involves:

All the work performed by both the buyer and seller during contract performance, to include changes
to the contract, contract closeout, and sometimes termination of a contract.




The postaward phase (sometimes referred to as contract administration) consists of two primary
activities:

Perform contract and close contract.




Perform contract involves monitoring risk and assessing its impact on contract performance, ensuring
compliance with:

Contractual terms and conditions; contract technical requirements during contract performance up to
contract closeout or termination.




What two parties must administer the contract?

Buyer and seller.




Contract administration requires:
4/17/2026




Continuous documentation throughout the life of the contract and depends on good communication,
funds management, and assessing seller performance.



4

Document information

Uploaded on
April 17, 2026
Number of pages
186
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers
$17.50

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Sold
133
Followers
18
Items
1676
Last sold
1 week ago


Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions