CON 3990 Exam FAR Parts Exam Questions And Answers 100% Solved

CON 3990 Exam FAR Parts Exam Questions And Answers 100% Solved FAR Part 1 - answerFederal Acquisition Regulation System FAR Part 2 - answerDefinitions of Words and Terms FAR Part 3 - answerImproper Business Practices & Personal Conflicts of Interest FAR Part 4 - answerAdministrative Matters FAR Part 5 - answerPublicizing Contract Actions FAR Part 6 - answerCompetitive Requirements FAR Part 7 - answerAcquisition Planning FAR Part 8 - answerRequired Sources of Supplies and Service FAR Part 10 - answerMarket Research FAR Part 12 - answerAcquisition of Commercial Items FAR Part 13 - answerSimplified Acquisition Procedures (SAP) FAR Part 15 - answerContract by Negotiation FAR Part 16 - answerTypes of Contracts FAR Part 19 - answerSmall Business Programs FAR Part 31 - answerContract Cost Principles & Procedures FAR Part 33 - answerProtests, Disputes, and Appeals FAR Part 42 - answerContract Administration & Audit Services FAR Part 44 - answerSubcontracting Policies & Procedures FAR Part 46 - answerQuality Assurance FAR Part 49 - answerTermination of Contracts FAR Part 50 - answerExtraordinary contractual actions and safety act FAR Part 51 - answerUse of Government Sources by Contractors FAR Part 52 - answerSolicitation Provisions and Contract Clauses FAR Part 53 - answerFORMS Contracting Life Cycle Phases - answer1. Pre-Award 2. Award 3. Post Award Communication and Decision Making Bias - answer1. 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 - answerThe contracting professional should strive to minimize the influence of personal biases. Maximize the likelihood of Successful Results - answer1. 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 - answer1. 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 - answer1. 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) - answer1. 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 - answer1. 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 - answer1. 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) - answer2.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 officer- I. 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: - answer1. 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: - answer1. (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 - answerThe 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 - answerNo 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: - answerA 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: - answerFAR 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: - answerAn 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: - answer1. 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: - answer1. 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: - answer1. 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 - answerDD1861 Weighted Guidelines Form - answerDD FORM 1547 Abstract of Offers Form - answerSF1409 On the spot/over the counter Form - answerSF 44 Contract Security Specs Form - answerDD254 Contract Modifications Form - answerSF30 Construction Form - answerSF 1442