CON 3900 Final Exam – 2025/2026 – 70+ Verified Q&A – Government Contracting, FAR, Pricing & Acquisition – Contract Management

This document contains over 70 expertly verified questions and answers from the CON 3900 (Contract Management) final exam for the 2025/2026 academic year. It is tailored for students studying federal acquisition regulations (FAR), government procurement strategies, pricing analysis, and contract types in U.S. government contracting environments. The questions are designed to reinforce critical knowledge areas necessary for understanding and applying acquisition policies and procedures. Topics thoroughly covered include: Contract types: Fixed-price, cost-reimbursement, T&M, and prohibited contracts FAR Parts 12, 15, and 31: Evaluation, pricing, and cost allowability Pre- and post-award procedures, including Requests for Proposals (RFP), clarifications, communications, and discussions Procurement Instrument Identifiers (PIIDs), CPARS, DD Form 1547 (Weighted Guidelines) Price and cost analysis, including "buying-in" strategies and cost realism evaluations Small Business Subcontracting Plans and exception criteria Acquisition thresholds, micro-purchases, and protest venues (e.g., U.S. Court of Federal Claims) Government performance risk assessment and profit calculations Each question is aligned with real-world application of contracting principles and reflects the most up-to-date federal acquisition policies. The content is ideal for both exam preparation and as a practical reference for new or aspiring contracting professionals. This material is recommended for: • Students in Contract Management, Business Administration, or Public Procurement • Professionals preparing for DAU (Defense Acquisition University) or FAC-C/DAWIA certifications • Individuals working toward careers in government contracting, logistics, or federal acquisitions • Military and civilian personnel enrolled in federal procurement training programs Keywords: CON 3900, government contracting, FAR exam, contract types, federal acquisition, procurement regulations, RFP, cost analysis, price analysis, CPARS, buying-in strategy, weighted guidelines, DD Form 1547, T&M contract, fixed-price contract