FAC-C Certification Exam Notes and 100%
Correct Verified Answers
FAR 1.602-2 - ANSWER Contracting officers are responsible for ensuring performance
of all necessary actions for effective contracting, ensuring compliance with the terms of
the contract , and safeguarding the interests of the United States in its contractual
relationships. In order to perform these responsibilities, contracting officers should be
allowed wide latitude to exercise business judgment.
FAR 1.602-2(a) - ANSWER Contracting Officers must ensure sufficient funds are
available for obligation for each contract action.
FAR 1.602-2(b) - ANSWER states that contracting officers shall ensure that contractors
receive impartial, fair, and equitable treatment. This applies to all types of
communications, written and verbal.
FAR 1.602-2(c) - ANSWER Contracting officers shall request and consider the advice of
specialists in audit, law, engineering, information security , transportation, and other
fields, as appropriate.
FAR 1.602-2(d) - ANSWER states that contracting officers shall designate CORs in
writing and furnish copies to the contractor and the contract administration office.
, Which part of the FAR gives the best guidance for personal conflict of interest? -
ANSWER FAR part 3
Which part of the FAR gives the best guidance for organizational conflict of interest? -
ANSWER FAR part 9
FAR 1.102-4(e) - ANSWER states that contracting officers "should take the lead in
encouraging business process innovations and ensuring that business decisions are
sound."
FAR 1.102-2(c)(2) - ANSWER tells us the contracting system must focus on "risk
management" rather than "risk avoidance." The cost to the taxpayer of attempting to
eliminate all risk is prohibitive. The contracting system should allow contracting
professionals to take independent action based on their professional judgment. Along
these lines, contracting professionals should exercise discretion, use sound business
judgment, and comply with applicable laws and regulations in dealing with
contractors and prospective contractors. All contractors and prospective contractors
should be treated fairly and impartially but need not be treated the same.
FAR 1.102-2(c) - ANSWER Instructs that the business of acquisition should be
conducted with openness.
Correct Verified Answers
FAR 1.602-2 - ANSWER Contracting officers are responsible for ensuring performance
of all necessary actions for effective contracting, ensuring compliance with the terms of
the contract , and safeguarding the interests of the United States in its contractual
relationships. In order to perform these responsibilities, contracting officers should be
allowed wide latitude to exercise business judgment.
FAR 1.602-2(a) - ANSWER Contracting Officers must ensure sufficient funds are
available for obligation for each contract action.
FAR 1.602-2(b) - ANSWER states that contracting officers shall ensure that contractors
receive impartial, fair, and equitable treatment. This applies to all types of
communications, written and verbal.
FAR 1.602-2(c) - ANSWER Contracting officers shall request and consider the advice of
specialists in audit, law, engineering, information security , transportation, and other
fields, as appropriate.
FAR 1.602-2(d) - ANSWER states that contracting officers shall designate CORs in
writing and furnish copies to the contractor and the contract administration office.
, Which part of the FAR gives the best guidance for personal conflict of interest? -
ANSWER FAR part 3
Which part of the FAR gives the best guidance for organizational conflict of interest? -
ANSWER FAR part 9
FAR 1.102-4(e) - ANSWER states that contracting officers "should take the lead in
encouraging business process innovations and ensuring that business decisions are
sound."
FAR 1.102-2(c)(2) - ANSWER tells us the contracting system must focus on "risk
management" rather than "risk avoidance." The cost to the taxpayer of attempting to
eliminate all risk is prohibitive. The contracting system should allow contracting
professionals to take independent action based on their professional judgment. Along
these lines, contracting professionals should exercise discretion, use sound business
judgment, and comply with applicable laws and regulations in dealing with
contractors and prospective contractors. All contractors and prospective contractors
should be treated fairly and impartially but need not be treated the same.
FAR 1.102-2(c) - ANSWER Instructs that the business of acquisition should be
conducted with openness.
