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A contractor is developing their pricing strategy in a competitive environment. Knowing the
required effort will result in follow-on contracts, the contractor submits and offer below
anticipated costs with the plan to recover any losses by increasing the price on follow-on
efforts. This pricing strategy is referred to as? - ANS-Buying-in
Acquisition planning should begin? - ANS-As soon as the agency need is identified
After release of the solicitation, who must be the focal point of any exchange with potential
offerors? - ANS-The contracting officer
Agencies shall conduct market research? - ANS-Appropriate to the circumstances
An overarching principle for responding to questions from all potential offerors is? -
ANS-Fairness
At what dollar value must a contracting officer synopsize a proposed contract action in the
Governmentwide point of entry (GPE)? - ANS-Expected to exceed $25,000
Contracting officers shall provide property to contractors only when it is clearly demonstrated
that? - ANS-The overall benefit to the acquisition significantly outweighs the increased cost
of administration.
Government contract types are grouped into two broad categories: fixed-price contracts
and? - ANS-Cost-reimbursement contracts
In evaluating a solicitation, which section of the uniform contract format (UCF) would contain
information to the offeror regarding the evaluation factors and subfactors the Government
will use to evaluate the offeror's proposal? - ANS-Section M
Incentive contracts are designed to obtain specific acquisition objectives by? -
ANS-Motivating contractor efforts that might not otherwise be emphasized
It is the Government's policy that before executing a contract, the contracting officer must? -
ANS-Obtain written assurance from the responsible fiscal authority that adequate funds are
available.
One day after publicizing and releasing a solicitation, the contracting officer realizes that the
contract line items need to be reorganized. The contracting officer must? - ANS-Amend the
solicitation, changing the contract line items
Provisions and clauses should be incorporated by reference in solicitations and contracts? -
ANS-To the maximum practical extent, rather than being incorporated in full text
The contracting officer shall take which of the following actions to encourage small business
participation in acquisitions? - ANS-Divide acquisitions into reasonably small lots to permit
offers on quantities less than the total requirement.
The purpose of exchanging information with industry before receipt of proposals is to? -
ANS-Improve the understanding of Government requirements and industry capabilities
To the maximum extent practicable, acquisition officials shall state requirements of supplies
or services in terms of functions to be performed, performance required, or? - ANS-Essential
physical characteristics