CON 1300 EXAM GUIDE Q&A
What is Schedule Risk? - ANSWER-Is risk that activities will take longer than expected,
& is typically the result of poor planning or unforeseen circumstances
What is Performance Risk? - ANSWER-Is the risk that the project will fail to produce
results consistent with project specifications
What is Cost Realism Analysis used for? - ANSWER-Used to mitigate cost risk
What is the Objective of Proposal Analysis? - ANSWER-The objective of proposal
analysis is to ensure that the final agreed to price is fair and reasonable.
Who is responsible for evaluating the reasonableness of the offered prices? -
ANSWER-The KO is responsible for evaluating the reasonableness of the offered price
What are Proposal Analysis Techniques? - ANSWER-Price Analysis
Cost Analysis
Technical Analysis
Past Performance- shall be evaluated in all source selections for negotiated competitive
acquisitions expected to exceed the simplified acquisition threshold.
What is Price Analysis? - ANSWER-Evaluating proposed total price & not the separate
cost elements & profit
We use price analysis daily when comparing prices
Shall be used when certified cost or pricing data are not required
Contract award criteria should address all price-related factors that will have a
significant & measurable effect on the total cost of the acquisition
Examples of Price- Related factors in Price Analysis - ANSWER-Multiple Awards vs.
Single Award
Govt. Furnished Property
Buy American Act
Transportation Costs
, What is cost analysis? - ANSWER-Shall be used when certified cost & pricing data is
required
Also used when price analysis alone will not suffice to determine price fair & reasonable
Cost Analysis shall include Cost Realism Analysis
What is Cost Realism Analysis? - ANSWER-Cost realism analysis is the process of
independently reviewing and evaluating specific elements of each offeror's proposed
cost estimate to determine whether the estimated proposed cost elements
What are the 4 steps in the evaluating & applying price-related factors - ANSWER-1-
Determine solicitation provisions
2- Determine total price offered
3- Evaluate award combinations
4- Make award decision
What are the 3 additional steps to conclude the price analysis process - ANSWER-o
Determine lowest evaluated price
o Compare offered prices with other prices
o Account for differences
What are two types of factors under price-related factors for Government Furnished
Property (GFP) - ANSWER-Eliminate Competitive advantage
Consider government costs or savings related to providing property
Applies to competitive fixed-price contracts, only!
Offeror(s) MAY be in possession of GFP on other Government contracts and may wish
to incorporate use of such property in their proposal in response to your solicitation.
This is done by adjusting offers for Evaluation Purposes Only by applying a rental
equivalent (FAR 45.202(a))
HUBZone does what in price related factors? - ANSWER-Adds 10% price evaluation
preference (PEP) to all offers except HUBZone small business or otherwise successful
small business
What is the Buy American Act? - ANSWER-Requires Federal agencies to procure
domestic materials and products
Procurement must be intended for public use within the U.S.
Items to be procured or the materials from which they are manufactured must be
present in the U.S.
What is Schedule Risk? - ANSWER-Is risk that activities will take longer than expected,
& is typically the result of poor planning or unforeseen circumstances
What is Performance Risk? - ANSWER-Is the risk that the project will fail to produce
results consistent with project specifications
What is Cost Realism Analysis used for? - ANSWER-Used to mitigate cost risk
What is the Objective of Proposal Analysis? - ANSWER-The objective of proposal
analysis is to ensure that the final agreed to price is fair and reasonable.
Who is responsible for evaluating the reasonableness of the offered prices? -
ANSWER-The KO is responsible for evaluating the reasonableness of the offered price
What are Proposal Analysis Techniques? - ANSWER-Price Analysis
Cost Analysis
Technical Analysis
Past Performance- shall be evaluated in all source selections for negotiated competitive
acquisitions expected to exceed the simplified acquisition threshold.
What is Price Analysis? - ANSWER-Evaluating proposed total price & not the separate
cost elements & profit
We use price analysis daily when comparing prices
Shall be used when certified cost or pricing data are not required
Contract award criteria should address all price-related factors that will have a
significant & measurable effect on the total cost of the acquisition
Examples of Price- Related factors in Price Analysis - ANSWER-Multiple Awards vs.
Single Award
Govt. Furnished Property
Buy American Act
Transportation Costs
, What is cost analysis? - ANSWER-Shall be used when certified cost & pricing data is
required
Also used when price analysis alone will not suffice to determine price fair & reasonable
Cost Analysis shall include Cost Realism Analysis
What is Cost Realism Analysis? - ANSWER-Cost realism analysis is the process of
independently reviewing and evaluating specific elements of each offeror's proposed
cost estimate to determine whether the estimated proposed cost elements
What are the 4 steps in the evaluating & applying price-related factors - ANSWER-1-
Determine solicitation provisions
2- Determine total price offered
3- Evaluate award combinations
4- Make award decision
What are the 3 additional steps to conclude the price analysis process - ANSWER-o
Determine lowest evaluated price
o Compare offered prices with other prices
o Account for differences
What are two types of factors under price-related factors for Government Furnished
Property (GFP) - ANSWER-Eliminate Competitive advantage
Consider government costs or savings related to providing property
Applies to competitive fixed-price contracts, only!
Offeror(s) MAY be in possession of GFP on other Government contracts and may wish
to incorporate use of such property in their proposal in response to your solicitation.
This is done by adjusting offers for Evaluation Purposes Only by applying a rental
equivalent (FAR 45.202(a))
HUBZone does what in price related factors? - ANSWER-Adds 10% price evaluation
preference (PEP) to all offers except HUBZone small business or otherwise successful
small business
What is the Buy American Act? - ANSWER-Requires Federal agencies to procure
domestic materials and products
Procurement must be intended for public use within the U.S.
Items to be procured or the materials from which they are manufactured must be
present in the U.S.
