CON 3990 Exam Practice Questions and Answers Latest Updated 2026/2027 | 100% Verified

CON 3990 Exam Practice Questions and Answers Latest Updated 2023/2024 | 100% Verified. FAR Part 5 -CORRECT ANSWER Publicizing Contract Actions FAR Part 6 -CORRECT ANSWER Competitive Requirements FAR Part 7 -CORRECT ANSWER Acquisition Planning FAR Part 8 -CORRECT ANSWER Required Sources of Supplies and Service FAR Part 10 -CORRECT ANSWER Market Research FAR Part 12 -CORRECT ANSWER Acquisition of Commercial Items FAR Part 13 -CORRECT ANSWER Simplified Acquisition Procedures (SAP) FAR Part 15 -CORRECT ANSWER Contract by Negotiation CON 3990 FAR Parts Exam Questions and Answers Latest Update 2023/2024 Graded A+ FAR Part 16 -CORRECT ANSWER Types of Contracts FAR Part 19 -CORRECT ANSWER Small Business Programs FAR Part 31 -CORRECT ANSWER Contract Cost Principles & Procedures FAR Part 33 -CORRECT ANSWER Protests, Disputes, and Appeals FAR Part 42 -CORRECT ANSWER Contract Administration & Audit Services FAR Part 44 -CORRECT ANSWER Subcontracting Policies & Procedures FAR Part 46 -CORRECT ANSWER Quality Assurance FAR Part 49 -CORRECT ANSWER Termination of Contracts FAR Part 50 -CORRECT ANSWER Extraordinary contractual actions and safety act FAR Part 51 -CORRECT ANSWER Use of Government Sources by Contractors FAR Part 52 -CORRECT ANSWER Solicitation Provisions and Contract Clauses FAR Part 53 -CORRECT ANSWER FORMS Contracting Life Cycle Phases -CORRECT ANSWER 1. Pre-Award 2. Award 3. Post Award Communication and Decision Making Bias -CORRECT ANSWER 1. Minimize influence of Personal biases 2. Maximize the likelihood of a successful result. 3. Facilitate communication among affected parties. Minimize the Effect of Personal Biases -CORRECT ANSWER The contracting professional should strive to minimize the influence of personal biases. Maximize the likelihood of Successful Results -CORRECT ANSWER 1. AR 1.102-4(e) states that contracting officers "should take the lead in encouraging business process innovations and ensuring that business decisions are sound." Facilitate Communications Among Affected Parties -CORRECT ANSWER 1. Effective communication minimizes the effect of personal biases, maximizes the likelihood of successful results, and facilitates communications among affected stakeholders. Cost, quality and timeliness of products and services -CORRECT ANSWER 1. FAR 1.102-2(a) tells contracting professionals that a guiding principle is to satisfy customers in terms of cost, quality, and timeliness of the delivered product or service. Contracting Officer Representative (COR) -CORRECT ANSWER 1. FAR 1.602-2(d)(7) states that contracting officers shall designate CORs in writing and furnish copies to the contractor and the contract administration office Standards of conduct -CORRECT ANSWER 1. FAR 3.101-1 tells us Government business shall be conducted in a manner above reproach and, except as authorized by statute or regulation, with complete impartiality and with preferential treatment for none. Methods of disseminating information -CORRECT ANSWER 1. For proposed contract actions expected to exceed $25,000, by synopsizing in theGovernment-wide Point of Entry (GPE).For proposed contract actions expected to exceed $15,000, but not expected to exceed$25,000. by displaying in a public place. Justification and Approval (J&A) -CORRECT ANSWER 2.FAR 6.303-1(a) states a contracting officer shall not commence negotiations for a sole source contract,commence negotiations for a contract resulting from an unsolicited proposal, or award any othercontract without providing for full and open competition unless the contracting officerI. Justifies, if required in FAR 6.302, the use of such actions in writing; II. Certifies the accuracy and completeness of the justification; III. (and) Obtains the approval required by FAR 6.304. Post award orientation: -CORRECT ANSWER 1. FAR 42.501(a) states a post award orientation aids both Government and contractor personnel to (1) achieve a clear and mutual understanding of all contract requirements, and (2) identify and resolve potential problems. However, it is not a substitute for the contractor's fully understanding the work requirements at the time offers are submitted, nor is it to be used to alter the final agreement arrived at in any negotiations leading to contract award. Standards of Conduct: -CORRECT ANSWER 1. (FAR 3.101-1). Transactions relating to the expenditure of public funds require the highest degree of public trust and an impeccable standard of conduct. The general rule is to avoid strictly any conflict of interest, or even the appearance of a conflict of interest in government-contractor relationships. Solicitation and Acceptance of Gratuities by Government Personnel -CORRECT ANSWER The overarching rule on accepting gifts from contractor/employees is at (FAR 3.101-2). You may not solicit gifts from anyone, for any reason. This means for yourself or for others. Federal employees are prohibited from soliciting or accepting gifts. Disclosures -CORRECT ANSWER No person or other entity may disclose contractor bid or proposal information or source selection information to any person other than a person authorized, in accordance with applicable agency regulations or procedures, by the agency head or the contracting officer. Contracts with Government Employees: -CORRECT ANSWER 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). Personal Conflicts of interest: -CORRECT ANSWER FAR part 3 covers polices and procedures related to avoiding improper business practices and personal conflicts of interest. 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. Organizational Conflicts of interest: -CORRECT ANSWER An OCI is the existence of a set of circumstances in which a contractor may be unable to render impartial advice to the government, or might have impaired objectivity in performing contracted work, or may obtain an unfair competitive advantage in the marketplace when competing for government work where that unfair advantage is obtained performing a government contract. There are three broad categories of Organizational Conflicts of interest OCI: -CORRECT ANSWER 1. Unequal Access 2. Impaired Objectivity 3. Biased Ground Rules Three basic approaches available to contractors and the Agency for dealing with OCI issues, as follows: - CORRECT ANSWER 1. Avoid - Prevent the occurrence of an actual or potential OCI through actions such as excluding sources from competition or eliminating a segment of work from a contract or task. 2. Neutralize - Negate, through a specific action, potential or actual OCI related to either a contractor's objectivity during contract performance, or unfair competitive advantage. Specific actions could include encouraging and facilitating support contractor recusal, excluding or severely limiting support contractor participation in source selection activities, and/or otherwise barring access to competition sensitive data. 3. Mitigate - Reduce or alleviate the impact of unavoidable OCIs to an acceptable level of risk so that the government's interests with regard to fair competition and contract performance are not prejudiced. This is facilitated in developing an OCI mitigation plan (DFARS 209.571-4). Contractor Code of Business Ethics and Conduct: -CORRECT ANSWER 1. Per FAR 3.1002, Government contractors must conduct themselves with the highest degree of integrity and honesty. Contractors should have a written code of business ethics and conduct. Facilities and Capital Cost of Money Form -CORRECT ANSWER DD1861 Weighted Guidelines Form -CORRECT ANSWER DD FORM 1547 Abstract of Offers Form -CORRECT ANSWER SF1409 On the spot/over the counter Form -CORRECT ANSWER SF 44 Contract Security Specs Form -CORRECT ANSWER DD254 Contract Modifications Form -CORRECT ANSWER SF30