CON 1100V U04 EXAM PREPARATION TEST
BANK WITH CORRECT ANSWERS
●● What function CANNOT be delegated by the KO?
Answer: Award, agree to, or execute a contract
The KO cannot delegate the ability to obligate or de-obligate money
●● According to FAR Part 42.302, which of the following functions
does the Contracting Officer normally delegate to the Contract Admin
Office (CAO)?
Answer: Contractor compensation
Costs and payment
Government property and surveillance and status reporting
●● What is the contracting officer responsible for?
Answer: Performing all inspections and test required by the contract
except those specifically reserved for performance by the Government
Controlling the quality of supplies or services
, ●● What is the least preferred type of contracting? What is the most
preferred?
Answer: Advance Payments (Least preferred)
Performance-based Payments (PBP) (Most Preferred)
●● Payment is generally due within _____ days of invoice date or
government acceptance and construction contracts within _____ days.
Late payments accrue ______ due to the contractor.
Answer: 30 days, 14 days, interest
●● The government has ____ days from receipt to notify the contractor
if invoice is improper. This is also the same number of days that the
government has to inspect and accept items.
Answer: 7 Days
●● Make sure we have the right amount of _______ to pay the
contractor for the right purpose.
Answer: money
●● A _________________ Plan will help you develop and organize the
communications strategy you'll need to keep your key stakeholders,
BANK WITH CORRECT ANSWERS
●● What function CANNOT be delegated by the KO?
Answer: Award, agree to, or execute a contract
The KO cannot delegate the ability to obligate or de-obligate money
●● According to FAR Part 42.302, which of the following functions
does the Contracting Officer normally delegate to the Contract Admin
Office (CAO)?
Answer: Contractor compensation
Costs and payment
Government property and surveillance and status reporting
●● What is the contracting officer responsible for?
Answer: Performing all inspections and test required by the contract
except those specifically reserved for performance by the Government
Controlling the quality of supplies or services
, ●● What is the least preferred type of contracting? What is the most
preferred?
Answer: Advance Payments (Least preferred)
Performance-based Payments (PBP) (Most Preferred)
●● Payment is generally due within _____ days of invoice date or
government acceptance and construction contracts within _____ days.
Late payments accrue ______ due to the contractor.
Answer: 30 days, 14 days, interest
●● The government has ____ days from receipt to notify the contractor
if invoice is improper. This is also the same number of days that the
government has to inspect and accept items.
Answer: 7 Days
●● Make sure we have the right amount of _______ to pay the
contractor for the right purpose.
Answer: money
●● A _________________ Plan will help you develop and organize the
communications strategy you'll need to keep your key stakeholders,
