EXAM PREP TEST BANK 2026: 300+
QUESTIONS AND 100% VERIFIED
ANSWERS | GRADED A+ |
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1. How inspection and acceptance correspond to the work statement's
performance criteria will be enforced is included in which part of the
acquisition plan?
Answer:Contract Administration
A statement of work (SOW) is the portion of a contract which establishes and
defines all non-specification requirements for contractor's efforts, either directly or
with the use of specifically cited documents. Despite "statement of work" being
referenced throughout the FAR and Agency Supplements, there is no formal FAR
definition for an SOW.
A performance work statement (PWS) identifies a statement of work for
performance-based acquisitions that describes the required results in clear, specific,
and objective terms with measurable outcomes (FAR 2.101) .
What are the three Indefinite-Delivery Contracts
Answer:- Definite Quantity
- Requirements
- Indefinite Quantity
**Could be Fixed Price or Cost Reimbursement - or a combination of FP and CR
FAR 16 - Types of Contracts
What are the two Categories of Evaluation Factors?
Answer:Cost or Price
,Non-Cost or Non-Price
FAR 15.304
What are the two families of contract types
Answer:Cost and Fixed Price
FAR 16 - Types of Contracts
What are the two types of market research?
Answer:Strategic and Tactical
What are the two types of terminations
Answer:there are two types of terminations, convenience and default,
What are the types of Contract Administration?
Answer:Post-award contract administration directly related to specific contract
execution
Contract Administration Services (CAS)
What do Substantially as follows vs Substantially the same as mean?
Answer:"Substantially as follows" or "substantially the same as," when used in the
prescription and introductory text of a provision or clause, means that authorization
is granted to prepare and utilize a variation of that provision or clause to
accommodate requirements that are peculiar to an individual acquisition; provided
that:
The variation includes the salient features of the FAR provision or clause, and
Is not inconsistent with the intent, principle, and substance of the FAR provision or
clause or related coverage of the subject matter.
What does accrual of a claim mean?
Answer:Accrual of a claim is the date when all events that fix the alleged liability
of either the Government or the Contractor and permit assertion of the claim were
known or should have been known. For liability to be fixed, some injury must have
occurred; however monetary damages need not have been incurred.
,What does FAR part 15 Evaluate?
Answer:Evaluates Quality and Cost/Price
FAR Part 15 - Contract by Negotiation
Why use SAP?
Answer:They are designed to be less formal and more efficient than the traditional
methods of sealed bidding and contract by negotiation.
SAP are methods prescribed in FAR part 13 for purchasing supplies or services,
construction, research and development, and commercial products or services,
which do not exceed the Simplified Acquisition Threshold(SAT).
FAR subpart 13.5 provides special authority for commercial products or services
above the SAT.
Simplified Acquisition Threshold
Answer:$250,000
FAR 2.101
Solicitation Method - Authorized Contract Types
Invitation for Bid (IFB)
Answer:FAR 14
• Firm Fixed Price (FFP)
• Fixed Price with Economic Price Adjustment (FP/EPA)
Solicitation Method - Authorized Contract Types
Request for Proposal (RFP)
Answer:FAR 15
All types
Solicitation Method - Authorized Contract Types
Request for Quote (RFQ)
Answer:FAR subpart 8.4 and FAR 13
, •Firm Fixed Price (FFP)
•Time-and-Materials (T&M)
•Labor Hour (LH)
Note: T&M and LH require a D&F approval
Specifically Authorized (SA)
Answer:Additional functions not listed in (a) or (b), or not otherwise delegated.
SSAC be requirement
Answer:DoD SSP Guide, a SSAC is only mandatory for contract actions expected
to exceed $100,000,000.
Task and Delivery Order Characteristics
Answer:Do not contain all UCF/Commercial parts and terms and conditions,
normally just those applicable to the Order such as:
- CLINs
- SOW/PWS
- Delivery Instructions
- Unique requirements
Task Order Definition
Answer:Order for Services
Termination for Convenience
Answer:"The contracting officer shall terminate contracts, whether for default or
convenience, only when it is in the Government's interest." In other words, it
allows the Government to unilaterally terminate a contract when it is determined to
be in the best interest of the Government.
Termination for Default
Answer:T4Ds are issued unilaterally based upon a contracting officer's
determination that the contractor has failed to perform.
While the action itself is unilateral, the FAR does require notification in advance
of the termination.