AATC 1300 Exam Questions & Answers
2025/2026
What is a Quote? - ANSWERSA quote is not an offer because it does not bind the contractor to
perform a task.
What is an Offer? - ANSWERSA response to a solicitation that, if accepted, would bind the
offeror to perform the resultant contract.. (EX. RFP / IFB / RFQ).
What are the "responses" to RFQ, IFB, or RFP? - ANSWERSØ RFQ (simplified acquisition) are
"quotations," not offers
Ø IFBs (sealed bidding) are offers called "bids" or "sealed bids";
Ø RFP (negotiation) are offers called "proposals"
What is the difference between Sealed Bids, LPTA, Trade-off processes? - ANSWERS
What is a Bid? - ANSWERSo An offer to perform the work described in a contract at a specified
cost..
o Bids are normally not negotiated and cannot be changed once accepted by the owner.
An offer for a ______ under FAR _______ is a purchase order - ANSWERSRFQ
FAR Subpart 9.4
An offer for a _______ under FAR ______ is a Quote - ANSWERSRFQ
, FAR Part 13
An offer for a _______ under FAR ______ is a bid or sealed bid - ANSWERSIFB
FAR Part 14
An offer for a _______ under FAR _____ is a proposal - ANSWERSRFP
FAR Part 15
_______ risk is an escalation of project costs. - ANSWERSCost
o Perhaps the most common project risk, cost risk is due to poor budget planning, inaccurate
cost estimating, and scope creep.
________ risk is the risk that activities will take longer than expected - ANSWERSSchedule
o Typically the result of poor planning or unforeseen circumstances
___________ risk is the risk that the project will fail to produce results consistent with project
specifications - ANSWERSPerformance
o Can lead to cost risk and schedule risk when the performance of a team or technology results
in an increase in cost and duration of the project.
What is the purpose of Proposal Analysis Techniques? - ANSWERSØ The objective of proposal
analysis is to ensure that the final agreed-to price is fair and reasonable.
Ø The KO is responsible for evaluating the reasonableness of the offered prices.
2025/2026
What is a Quote? - ANSWERSA quote is not an offer because it does not bind the contractor to
perform a task.
What is an Offer? - ANSWERSA response to a solicitation that, if accepted, would bind the
offeror to perform the resultant contract.. (EX. RFP / IFB / RFQ).
What are the "responses" to RFQ, IFB, or RFP? - ANSWERSØ RFQ (simplified acquisition) are
"quotations," not offers
Ø IFBs (sealed bidding) are offers called "bids" or "sealed bids";
Ø RFP (negotiation) are offers called "proposals"
What is the difference between Sealed Bids, LPTA, Trade-off processes? - ANSWERS
What is a Bid? - ANSWERSo An offer to perform the work described in a contract at a specified
cost..
o Bids are normally not negotiated and cannot be changed once accepted by the owner.
An offer for a ______ under FAR _______ is a purchase order - ANSWERSRFQ
FAR Subpart 9.4
An offer for a _______ under FAR ______ is a Quote - ANSWERSRFQ
, FAR Part 13
An offer for a _______ under FAR ______ is a bid or sealed bid - ANSWERSIFB
FAR Part 14
An offer for a _______ under FAR _____ is a proposal - ANSWERSRFP
FAR Part 15
_______ risk is an escalation of project costs. - ANSWERSCost
o Perhaps the most common project risk, cost risk is due to poor budget planning, inaccurate
cost estimating, and scope creep.
________ risk is the risk that activities will take longer than expected - ANSWERSSchedule
o Typically the result of poor planning or unforeseen circumstances
___________ risk is the risk that the project will fail to produce results consistent with project
specifications - ANSWERSPerformance
o Can lead to cost risk and schedule risk when the performance of a team or technology results
in an increase in cost and duration of the project.
What is the purpose of Proposal Analysis Techniques? - ANSWERSØ The objective of proposal
analysis is to ensure that the final agreed-to price is fair and reasonable.
Ø The KO is responsible for evaluating the reasonableness of the offered prices.
