FAC-C Certification Exam Solved 100% Correct Study Guide with Complete Solutions

FAC-C Certification Exam Solved 100% Correct Study Guide with Complete Solutions Contracting officer - Answer - An individual authorized to enter into, administer, and terminate contracts. Administrative contracting officer - Answer - A contracting officer responsible for the administration of contracts. Terminating contracting officer - Answer - A contracting officer who has the authority to terminate contracts. Executive contracting officer - Answer - A contracting officer with authority over a specific program or area. FAR - Answer - Federal Acquisition Regulation, which consists of 52 parts. DoD Procurement Instrument Identifier (PIID) - Answer - A unique identifier that is 13 positions long, where position 9 identifies the type of instrument. Indefinite-delivery contracts - Answer - Contracts that include IDIQs and requirements contracts. FAR part 1 - Answer - The part that sets forth the basic policies and general information about the Federal Acquisition Regulations System. Termination for Convenience - Answer - A type of termination where the government can terminate a contract for its own convenience. Termination for Default - Answer - A type of termination due to the contractor's failure to perform. Termination for Cause - Answer - A type of termination based on the contractor's failure to meet contractual obligations. FAR 1.108(b) - Answer - A regulation stating that each authority is delegable unless specifically stated otherwise. Procurement Instrument Identifier (PIID) - Answer - A unique number identifying each solicitation, contract, agreement, or order and related procurement instrument. DFARS Procedures Guidance and Information (PGI) - Answer - A companion resource to the DFARS that applies to all federal agencies. Simplified Acquisition Procedures (SAP) - Answer - Procedures that promote competition to the maximum extent practicable. Commercial items of supply - Answer - Items that can be acquired through any type or combination of contract types as determined necessary by the contracting officer. Deviation - Answer - The use of a procedure that is inconsistent with the FAR. Market research - Answer - Research conducted during the acquisition phase when requirements are being developed. DD Form 1202 - Answer - The form used by DoD to apply a structured profit/fee. Unilateral modifications - Answer - Modifications that are only signed by a government contracting officer, not the contractor. Contract modifications - Answer - Changes to a contract that can only be executed by contracting officers acting within the scope of their authority. FAR part 10 - Answer - The FAR part dealing specifically with market research. Organizational Conflict of Interest (OCI) - Answer - A situation where a contractor's interests conflict with government interests. Time-and-Materials (T&M) Contract - Answer - A contract used when work duration or costs cannot be estimated. Cost-plus-a-percentage-of-cost - Answer - Contract type not allowed in government contracting. FAR Guidance - Answer - Regulations on contractor bid information disclosure. Contracting Officer's Role - Answer - Prevent organizational conflicts of interest in contracts. Proposal Exchanges - Answer - Includes communications, discussions, and clarifications post-proposal. Uniform Contract Format (UCF) - Answer - Standard format for government contracts with specific sections. Determination and Findings - Answer - Findings support the contracting officer's determination. Postaward Orientation Conference - Answer - Meeting to clarify contract requirements post-award. Contracting Officer's Representative (COR) - Answer - Designated individual authorized to perform specific contract functions. Acquisition Team - Answer - Includes technical, supply, procurement, and contractor representatives. Market Research Policy - Answer - Aids in determining available sources for agency requirements. Cohesive Team Building - Answer - Good communication fosters effective contractor relationships. FAR Part 4 - Answer - Guidance on establishing and maintaining government contract files. Contractor Teaming Arrangements - Answer - Collaboration between contractors to enhance proposal competitiveness. Sole Source Follow-on Acquisitions - Answer - Prevented to avoid conflicts of interest. Government Employee Contracts - Answer - Contracts cannot be awarded to government employees. Exhibit Display in UCF - Answer - Exhibits labeled with numeric or alpha characters. Gift Solicitation by Government Employees - Answer - Employees may not solicit or accept gifts.