TEST BANK 2026: 500+ QUESTIONS AND 100%
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Where in the FAR is contracting by negotiation covered?
Answer:15
A CPFF Term contract
Answer:Obligates the contractor to devote and expand a specified level of effort
for a stated period of time.
As long as the effort is satisfactory to the government, fee is paid.
A CPIF contract is appropriate for noncommercial service or development and test
programs when:
Answer:-A cost-reimbursement contract is necessary
-The parties can negotiate a target cost and a fee adjustment formula that are likely
to motivate the contractor to manage effectively.
-The fee adjustment formula should provide an incentive that will be effective over
the full range of reasonably foreseeable variations from target cost.
-If a high maximum fee is negotiated, the contract shall also provide for a low
minimum fee that may be a zero fee or, in rare cases, a negative fee
-The contract may include technical performance incentives when it is highly
probable that the required development of a major system is feasible and the
Government has established its performance objectives, at least in general terms
A fixed-price contract with economic price adjustment might be applicable when
(select 2 that apply)
Answer:-Market or labor conditions are volatile
-Contingencies that would otherwise be included in the contract price can be
identified and covered separately in the contract
A good understanding of the "as is state" or "baseline" - including current, past,
and forecasted requirements, processes, performance, and spending - can help the
,Acquisition Team more effectively develop plans and actions that will improve
performance of the new requirement and implementation strategy.
Answer:true
A Plant Clearance Officer should provide the contractor disposition instructions for
property identified on an acceptable inventory disposal schedule within...
Answer:120 days
A postaward orientation aids both Government and contractor personnel to:
Answer:Achieve a clear and mutual understanding of all contract requirements
and identify and resolve potential problems
A price is based on adequate price competition when...
Answer:-In receipt of offers from two or more responsible offerors
-In receipt of offers from two or more offerors competing independently
A Procurement Instrument Identifier (PIID) is a unique number identifying each
solicitation, contract, agreement, or order and related procurement instrument.
Answer:True
A program manager asked John whether a contract clause is only used in the
contract or if it applies to the solicitation as well. John correctly answered by
replying with which of the following statements?
Answer:A contract clause is a term or condition used in contracts, or in both
solicitations and contracts, that applies after contract award or both before and after
award
A protest can be filed for which of the following?
Answer:Solicitation
The contract management plan should be kept as simple and precise as possible
and should include:
Answer:What must be done
When it must take place
Who must do it
How it is to be accomplished
Where it is to be accomplished
,The contracting officer and the SSA should continually reassess the competitive
range as discussions and evaluations continue, to ensure neither the Government
nor the offerors waste resources by keeping proposals in that are no longer
contenders for award.
Answer:true
The contracting officer is a person with the authority to enter into, administer,
and/or terminate contracts and make related determinations and findings.
Answer:true
The contracting officer is responsible for initiating contract closeout procedures
after the contracting officer receives:
Answer:The Government contract administration office
The contracting officer may delegate additional functions to the CAO beyond those
listed in FAR 42.302
Answer:true
The contracting officer may limit the number of proposals in the competitive range
to the greatest number that will permit an efficient competition among the most
highly rated proposals.
Answer:true
The contracting officer shall take which of the following actions to encourage
small business participation in acquisitions?
Answer:Divide acquisitions into reasonably small lots to permit offers on
quantities less than the total requirement.
A "personal conflict of interest" is a situation where an individual is employed by a
defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity or appear
to be unduly influenced by personal financial interest.
Answer:True
A bilateral modification is a contract modification that is signed by the contractor
and the contracting officer. A unilateral modification is a contract modification that
is signed only by the contracting officer.
Answer:True
, A change to solicitation is called a(n):
Answer:amendment
A communication plan must include: (select all that apply).
Answer:Who the target audience is.
What needs to be communicated.
What the communications should contain.
Who is responsible for generating the communication.
What format or forum should be used.
What frequency is needed to keep the target audience up to speed.
A contract clause might?
Answer:Require a contractor to deliver an item by a specific date.
A contract is considered physically complete when the contractor has completed all
the required deliveries and
Answer:The Government has accepted all the items.
A contracting officer has the broadest discretion in fashioning suitable evaluation
procedures when considering:
Answer:Quotations
A contracting officer shall not knowingly award a contract to a Government
employee or to a business concern or other organization owned or substantially
owned or controlled by one or more Government employees (FAR 3.601)
Answer:True
A contractor assumes the greatest cost risk in a which type of contract?
Answer:Firm Fixed Price Contracts
A contractor assumes the least cost risk in which type of contract?
Answer:Cost Plus Fixed Fee Contracts