CON 1400V Final Exam 2026/2027 | 50+ Questions & Answers | FAR, Contract Administration, CPARS, Modifications & Closeout

This comprehensive CON 1400V Final Exam 2026/2027 study guide contains 50+ multiple-choice and true-or-false questions with correct answers focused on federal government contracting and post-award contract administration. Across 20 pages, the document reviews the contract administration process, including contract file review, contract administration plans, contractor performance milestones, administrative team responsibilities, government property, contractor debt, funding, and option exercises. It specifically tests Federal Acquisition Regulation (FAR) concepts such as FAR 4.803 for contract-file documentation and the requirements a contracting officer considers before exercising an option. A major section covers contract quality assurance and contractor performance management. Students review Government Quality Assurance, contract quality requirements, the Quality Assurance Surveillance Plan (QASP), cost, schedule and performance management, contractor warning signs, nonconforming supplies and services, payment withholding, and responsibilities established under FAR Part 46. The questions also address the Contractor Performance Assessment Reporting System (CPARS), including assessing officials, contractor responses, non-concurrence and the role of performance information in government source-selection decisions. The exam material also provides focused coverage of government property, subcontracting and supply-chain management. Topics include government-furnished property, contractor responsibility for government property, subcontract management, the responsibilities of the Procuring Contracting Officer (PCO) and Administrative Contracting Officer (ACO), consent to subcontract, contractor price and cost analysis, contractor purchasing systems, Individual Subcontract Reports, and the broader supply-chain concept of coordinating activities across organizations to increase customer value. Another key examination area is contract modifications, disputes and terminations. The questions address potential contract changes, funding for modifications, changes within or outside the contract scope, equitable adjustments, the government's policy of resolving contractual issues by mutual agreement at the contracting officer level, termination for convenience, contractor responsibilities following a termination notice, dispute procedures, and the PCO's responsibilities during termination. The final portion provides concentrated preparation for federal contract closeout. It reviews physical completion, outstanding deliveries and payments, subcontract closeout, final indirect cost rates, property clearance, funds-status reviews, deobligation of excess funds, reconciliation audits, classified-contract disposition, government property disposal, contract completion documentation, and electronic reporting of closeout. Specific items include DD Form 1593, DoDI 4161.02, EDI 567C, FPDS-NG, and DCMA responsibilities, making the document particularly useful for reviewing the administrative requirements that occur at the end of the federal acquisition lifecycle. Referenced Professional Source: The principal regulatory framework represented throughout this document is the Federal Acquisition Regulation (FAR). The questions specifically reference FAR 4.803, FAR Part 46, FAR 46.407, FAR 49.607 and FAR 52.232-29, among other federal contracting concepts. The official FAR is maintained through the U.S. government’s A platform and is the authoritative reference for federal acquisition policies and procedures. Federal Acquisition Regulation (FAR) Relevant Students: CON 1400V students, Defense Acquisition University students, federal acquisition workforce students, contracting officer trainees, contract specialist students, acquisition professionals, Contracting Officer’s Representative students, PCO and ACO trainees, DoD contracting personnel, procurement professionals, government contract administration students, and learners preparing for assessments covering post-award federal contract administration. Keywords: CON 1400V Final Exam, CON 1400V exam 2026, CON 1400V exam 2027, CON 1400V questions and answers, CON 1400V study guide, federal contract administration, government contracting exam, Defense Acquisition University, DAU contracting, Federal Acquisition Regulation, FAR exam questions, FAR 4.803, FAR Part 46, contract administration plan, contracting officer, contract specialist, PCO, ACO, COR, CPARS, contractor performance assessment, Quality Assurance Surveillance Plan, QASP, government quality assurance, government furnished property, contractor performance, subcontract management, supply chain management, contract modifications, equitable adjustment, contract disputes, termination for convenience, contract closeout, DCMA contract closeout, government property disposal, funds status review, excess funds deobligation, reconciliation audit, DD Form 1593, DoDI 4161.02, EDI 567C, FPDS-NG, federal acquisition exam