FAC-C BUNDLED PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A+

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FAC-C BUNDLED PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A+

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FAC-C BUNDLED PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A+

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FAC-C BUNDLED PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+

● Option. Answer: Pre-priced future contract extension

● Option Year. Answer: Priced future performance period

● Unilateral Option Exercise. Answer: CO exercising without negotiation

● Priced Option. Answer: Established rate before execution

● Exercising Options. Answer: Extending contract performance

● Base Period. Answer: Initial contract performance period

● Base-Plus-Options. Answer: Common IDIQ contract structure

● Period of Performance. Answer: Contract start and end dates

● Ordering Period. Answer: Time orders can be placed

● Delivery Schedule. Answer: When supplies or services due

● Liquidated Damages Rate. Answer: Daily penalty in contract

● FOB Destination. Answer: Risk transfers at destination

● FOB Origin. Answer: Risk transfers at shipment

● Inspection Point. Answer: Where inspection occurs

● Place of Delivery. Answer: Where government accepts items

● Government Acceptance. Answer: Formal receipt of deliverables

● Invoice. Answer: Contractor request for payment

● Prompt Payment Act. Answer: Government payment timeliness requirement

● Interest Penalty. Answer: Late payment liability

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Uploaded on: April 21, 2026
Number of pages: 4
Written in: 2025/2026
Type: Exam (elaborations)
Contains: Questions & answers

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FAC-C BUNDLED PRACTICE EXAMINATION 2026 QUESTIONS WITH ANSWERS GRADED A+

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