CLC 056 Analyzing Contract Costs

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitutes 5% of value of modification  When given a set of data that appears to contain outliers, which measure of central tendencyis most appropriate to use? • Median • Coefficient of Determination • Mean • Mode  What is an important driver to a successful negotiation? • Listen to understand • Ensure your position is heard • Maintain position of power • Obtain the lowest price for the government  Which of the following would be a proper method of determining the reasonableness of acontractor’s proposed labor hour estimate? • Compare proposed hours with a Government should-cost estimate • Compare proposed hours with all other contracts from the same contractor • Decrement labor hours estimate according to DCAA standard decrement • Use a stratified sampling techniques to evaluate contractor’s labor hour estimate