7/7/26, 7:31 FAC-C CERTIFICATION EXAM flashcard sets |
AM Quizlet
FAC-C Certification Exam 2026/2027 Test Bank |
964 Verified Questions and Answers | FAR
Principles Government Contracting AGCO Prep.
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?
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
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?
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FAR Part 10 Market Research
How do buying activities analyze risk?
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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?
FAR Part 5
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.
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Documentation
What FAR/DFARS Parts discuss the protest processes?
FAR Subpart 33.1; DFARS Subpart 233.1.
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:
Continuous documentation throughout the life of the contract and depends on
good communication, funds management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of postaward activities and
responsibilities?
FAR Part 42 Contract Administration and Audit Services; DFARS Part 242.
Quality includes:
https://quizlet.com/search?query=FAC%252DC-CERTIFICATION-EXAM-AND-PRACTICE- 4/187
EXAM&type=sets&page=1
AM Quizlet
FAC-C Certification Exam 2026/2027 Test Bank |
964 Verified Questions and Answers | FAR
Principles Government Contracting AGCO Prep.
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?
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
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?
https://quizlet.com/search?query=FAC%252DC-CERTIFICATION-EXAM-AND-PRACTICE- 1/187
EXAM&type=sets&page=1
,7/7/26, 7:31 FAC-C CERTIFICATION EXAM flashcard sets |
AM Quizlet
FAR Part 10 Market Research
How do buying activities analyze risk?
https://quizlet.com/search?query=FAC%252DC-CERTIFICATION-EXAM-AND-PRACTICE- 2/187
EXAM&type=sets&page=1
,7/7/26, 7:31 FAC-C CERTIFICATION EXAM flashcard sets |
AM Quizlet
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?
FAR Part 5
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.
https://quizlet.com/search?query=FAC%252DC-CERTIFICATION-EXAM-AND-PRACTICE- 3/187
EXAM&type=sets&page=1
, 7/7/26, 7:31 FAC-C CERTIFICATION EXAM flashcard sets |
AM Quizlet
Documentation
What FAR/DFARS Parts discuss the protest processes?
FAR Subpart 33.1; DFARS Subpart 233.1.
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:
Continuous documentation throughout the life of the contract and depends on
good communication, funds management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of postaward activities and
responsibilities?
FAR Part 42 Contract Administration and Audit Services; DFARS Part 242.
Quality includes:
https://quizlet.com/search?query=FAC%252DC-CERTIFICATION-EXAM-AND-PRACTICE- 4/187
EXAM&type=sets&page=1
