AATC CON 1200 EXAM #1 QUESTIONS
WITH 100% ACCURATE ANSWERS
What is the dollar threshold for FAR 15.407 Make-or-Buy Program? - ANSWERS-
estimated value >$15 Million
-KO may require make-or-buy < $15M only if they determine the information is
necessary and the reasons are documented in the contract file
FAR 11.101 Order of Precedence for requirements documents - ANSWERS(1)
Documents mandated for use by law.
(2) Performance-oriented documents (e.g., a PWS or SOO). (See 2.101.)
(3) Detailed design-oriented documents.
(4) Standards, specifications and related publications issued by the Government outside
the Defense or Federal series for the non-repetitive acquisition of items.
The _______ is the preferred method of describing requirement - ANSWERSPWS
(Performance Work Statement)
R&D (Research and Development); does not become a part of the contract -
ANSWERSWhen do you use a statement of objectives (SOO)?
With very few exceptions, NO contract action can be accomplished until the
______________determines funds are available. - ANSWERSContracting Officer
Misappropriation Act (The Purpose Statute) - ANSWERSRequires funds to be used only
for the purposes and programs for which the appropriation was made
defined in FAR 15.407-2 as an item or work effort to be produced or performed by the
prime contractor or its affiliates, subsidiaries, or divisions - ANSWERS"Make Item"
KOs shall provide property to contractors only when the following is demonstrated: -
ANSWERS(1) To be in the Government's best interest
(2) That the overall benefit to the acquisition significantly outweighs the increased cost
of administration, including ultimate property disposal
(3) providing the property does not substantially increase the Government's assumption
of risk;
(4) That Government requirements cannot otherwise be met.
The Government is responsible for providing property that is _____________________.
If it fails in either regard, the ____________________. - ANSWERSin good working
order and on time/KTR may request an equitable adjustment
, Contractors are ordinarily required to furnish all property necessary to perform
government contracts - ANSWERSFAR 45.102 (Government Furnished Property)
the part of a contractor's written plan for a contract identifying those major items to be
produced or work efforts to be performed in the prime contractor's facilities and those to
be subcontracted - ANSWERS(FAR 2.101) "Make-or-Buy Program"
Contract types place the _______ either on the Government (cost reimbursable) to fully
on the contractor (firm-fixed price) - ANSWERSRisk
Fixed Price Contracts with Economic Price Adjustment (FP EPA) - ANSWERS-Provides
for upward and downward revision of the stated contract price upon the occurrence of
specified contingencies
-Gives both parties the right to re-adjust total contract amount
a common and appropriate way to set up a delivery date - ANSWERSAfter Date of
Contract Award (ADC)
Designed NOT to punish, but to recover actual or anticipated losses, thereby mitigating
risk - ANSWERSLiquidation Damages
Product and Service Codes Include: - ANSWERSResearch and Development (R&D)
Codes
Service Codes
Product Codes
utilize a 4-position alpha-numeric code; Services and R&D having an alpha character in
the first position; Products have a digit in the first position - ANSWERSPSCs (Product
and Service Codes)
When do we schedule acquisition planning? - ANSWERSUrgency of need, Market
Conditions, and the Capacity of the contractor to perform are factors we use to
determine when an acquisition plan is due
What is the policy for conducting Acquistion planning? - ANSWERSFAR 7.102
Fair and realistic price competition
Degree of uncertainty
Complexity of requirement
Risk of performance
Shared responsibility
Length of contracting period
Contractor's accounting system
What do we want to motivate - ANSWERSFactors for Selecting Contract Tyeps
WITH 100% ACCURATE ANSWERS
What is the dollar threshold for FAR 15.407 Make-or-Buy Program? - ANSWERS-
estimated value >$15 Million
-KO may require make-or-buy < $15M only if they determine the information is
necessary and the reasons are documented in the contract file
FAR 11.101 Order of Precedence for requirements documents - ANSWERS(1)
Documents mandated for use by law.
(2) Performance-oriented documents (e.g., a PWS or SOO). (See 2.101.)
(3) Detailed design-oriented documents.
(4) Standards, specifications and related publications issued by the Government outside
the Defense or Federal series for the non-repetitive acquisition of items.
The _______ is the preferred method of describing requirement - ANSWERSPWS
(Performance Work Statement)
R&D (Research and Development); does not become a part of the contract -
ANSWERSWhen do you use a statement of objectives (SOO)?
With very few exceptions, NO contract action can be accomplished until the
______________determines funds are available. - ANSWERSContracting Officer
Misappropriation Act (The Purpose Statute) - ANSWERSRequires funds to be used only
for the purposes and programs for which the appropriation was made
defined in FAR 15.407-2 as an item or work effort to be produced or performed by the
prime contractor or its affiliates, subsidiaries, or divisions - ANSWERS"Make Item"
KOs shall provide property to contractors only when the following is demonstrated: -
ANSWERS(1) To be in the Government's best interest
(2) That the overall benefit to the acquisition significantly outweighs the increased cost
of administration, including ultimate property disposal
(3) providing the property does not substantially increase the Government's assumption
of risk;
(4) That Government requirements cannot otherwise be met.
The Government is responsible for providing property that is _____________________.
If it fails in either regard, the ____________________. - ANSWERSin good working
order and on time/KTR may request an equitable adjustment
, Contractors are ordinarily required to furnish all property necessary to perform
government contracts - ANSWERSFAR 45.102 (Government Furnished Property)
the part of a contractor's written plan for a contract identifying those major items to be
produced or work efforts to be performed in the prime contractor's facilities and those to
be subcontracted - ANSWERS(FAR 2.101) "Make-or-Buy Program"
Contract types place the _______ either on the Government (cost reimbursable) to fully
on the contractor (firm-fixed price) - ANSWERSRisk
Fixed Price Contracts with Economic Price Adjustment (FP EPA) - ANSWERS-Provides
for upward and downward revision of the stated contract price upon the occurrence of
specified contingencies
-Gives both parties the right to re-adjust total contract amount
a common and appropriate way to set up a delivery date - ANSWERSAfter Date of
Contract Award (ADC)
Designed NOT to punish, but to recover actual or anticipated losses, thereby mitigating
risk - ANSWERSLiquidation Damages
Product and Service Codes Include: - ANSWERSResearch and Development (R&D)
Codes
Service Codes
Product Codes
utilize a 4-position alpha-numeric code; Services and R&D having an alpha character in
the first position; Products have a digit in the first position - ANSWERSPSCs (Product
and Service Codes)
When do we schedule acquisition planning? - ANSWERSUrgency of need, Market
Conditions, and the Capacity of the contractor to perform are factors we use to
determine when an acquisition plan is due
What is the policy for conducting Acquistion planning? - ANSWERSFAR 7.102
Fair and realistic price competition
Degree of uncertainty
Complexity of requirement
Risk of performance
Shared responsibility
Length of contracting period
Contractor's accounting system
What do we want to motivate - ANSWERSFactors for Selecting Contract Tyeps
