CORB
What are the two (2) warrant program requirements? - answer1. Contacting Officer
Assessment Test (COAT) - Open Book exam that emphasizes the ability to review the
FAR.
2. Contracting Officer Review Board (CORB) - Oral review board to that tests
communication and technical skills
What are the three (3) different warrant limits? - answer1. Unlimited- GS13 - Complex
scenarios
2. Limited - truth in cost and pricing ($2m) GS-12
3. Limited SAT ($250K) GS-11
How many ACO responsibilities are listed under FAR 42.302(b) - answer71
What are the four (4) responsibilities/functions that cannot be delegated from DCMA -
answer1. 42.302(a)(5) negotiates forward pricing rates
2. 42.302(a)(9) establish final indirect cost rates
3. 42.302(a)(11) CAS adequacy of contractors disclosure statements
4. 42.302(a)(12) adequacy of contractors accounting system
What is the definition of Contract financing payments? - answerFAR 32.001 - An
authorized Government Disbursement of monies to a contractor prior to acceptance of
supplies or service by the Government
What are the types of contract financing? - answer1. Advanced Payments - (Least
Preferred) - Contractor should get own loan.
2. Performance-Based Payment (Most preferred) - Milestone schedules, and ways to
track and hold contractor accountable
3. Progress Payments -
What are the steps of Progress Payments? - answer1. Review contract for clause
52.232-16, Progress Payments; DFARS 252.232.7002 FMS; DFARS 252.232-7004
DoD Progress Payment Rates
2. Approved Accounting System
3. Review contractor risk (Post Award Conference)
4. Large Business - 80% / Small Business 90%
5. DCMA 325 - Risk Assessment with FS
6. MOCAS Progress Payment Master
What is the purpose of a Post Award Conference? - answer1. Aids both Government
and Contractor personnel in achieving a clear and mutual understanding of all
contractual requirements and to identify and resolve potential problems. However, it is
, not a substitute for the contractor's fully understanding the work requirements at the
time offers are submitted nor is it to be used to alter the final agreement arrived at in
any negotiations leading to contract award.
What is Contract Audit Follow Up? (CAFU) - answer1. An electronic system of record
maintained by DCMA to track all DCAA audit reports pursuant to DoDI 7640.02. 2. Must
include a record for all reportable and non-reportable audits to ensure visibility, prompt
follow-up action and audit disposition.
What does CAFU Disposition mean? - answerWhen the contracting officer completed a
signed and dated PNM/MFR and all corrective actions have been taken, so that no
further actions can be reasonable anticipated.
ACO shall disposition reportable audits within (12) months
What does CAFU Resolution mean? - answerWhen the contracting officer has
determined and documented an action plan for addressing the audit findings in a PNOM
or MFR. For reports covering CAS noncompliance, resolution is achieved when the
contracting officer issues a notice of potential noncompliance to the contractor. For
audits covering business systems, resolution is achieved when the contracting officer
issues a written initial determination.
ACO shall resolve reportable audits within six (6) months
What are the six (6) types of Business Systems? - answerDCMA - Purchasing,
Property, Earned Value Management
DCAA - Accounting, Material Management Accounting System, Cost Estimating System
What are the R9 Codes and FAR Clauses for each Business System? - answer1.
Purchasing System - 252.244-7001 (R9 - 90)
2. Property System - 252.245-7003 (R9 - Special Provision E)
3. Earned Value Management - 252.234-7002 (R9 - PP)
4. Accounting System - 252.242-7006 (R9 - 89)
5. Material Management Accounting System - 252.242-7004 (R9 - 88)
6. Cost Estimating System - 252.215-7002 (R9 - 87)
Accounting System Administration - answer1. DCAA R9 - 89
2. DFARS 252.242.7006
3. Cost reimbursement, incentive type, Time and Material, Labor-Hour contracts or
progress payments.
4. Create III/IV CAR potential significant deficiencies identified by DCAA audit report.
Cost Estimating System - answer1. DCAA R9 - 87
2. DFARS 252.215-7002
3. Requirements - 215.407-5(70)(b)
a. Large business preceding year $50 Mil Certified Cost Pricing were required
b. Large Business $10 Mil or more Certified Cost Price Data, Notify by PCO and
significant deficiencies
What are the two (2) warrant program requirements? - answer1. Contacting Officer
Assessment Test (COAT) - Open Book exam that emphasizes the ability to review the
FAR.
2. Contracting Officer Review Board (CORB) - Oral review board to that tests
communication and technical skills
What are the three (3) different warrant limits? - answer1. Unlimited- GS13 - Complex
scenarios
2. Limited - truth in cost and pricing ($2m) GS-12
3. Limited SAT ($250K) GS-11
How many ACO responsibilities are listed under FAR 42.302(b) - answer71
What are the four (4) responsibilities/functions that cannot be delegated from DCMA -
answer1. 42.302(a)(5) negotiates forward pricing rates
2. 42.302(a)(9) establish final indirect cost rates
3. 42.302(a)(11) CAS adequacy of contractors disclosure statements
4. 42.302(a)(12) adequacy of contractors accounting system
What is the definition of Contract financing payments? - answerFAR 32.001 - An
authorized Government Disbursement of monies to a contractor prior to acceptance of
supplies or service by the Government
What are the types of contract financing? - answer1. Advanced Payments - (Least
Preferred) - Contractor should get own loan.
2. Performance-Based Payment (Most preferred) - Milestone schedules, and ways to
track and hold contractor accountable
3. Progress Payments -
What are the steps of Progress Payments? - answer1. Review contract for clause
52.232-16, Progress Payments; DFARS 252.232.7002 FMS; DFARS 252.232-7004
DoD Progress Payment Rates
2. Approved Accounting System
3. Review contractor risk (Post Award Conference)
4. Large Business - 80% / Small Business 90%
5. DCMA 325 - Risk Assessment with FS
6. MOCAS Progress Payment Master
What is the purpose of a Post Award Conference? - answer1. Aids both Government
and Contractor personnel in achieving a clear and mutual understanding of all
contractual requirements and to identify and resolve potential problems. However, it is
, not a substitute for the contractor's fully understanding the work requirements at the
time offers are submitted nor is it to be used to alter the final agreement arrived at in
any negotiations leading to contract award.
What is Contract Audit Follow Up? (CAFU) - answer1. An electronic system of record
maintained by DCMA to track all DCAA audit reports pursuant to DoDI 7640.02. 2. Must
include a record for all reportable and non-reportable audits to ensure visibility, prompt
follow-up action and audit disposition.
What does CAFU Disposition mean? - answerWhen the contracting officer completed a
signed and dated PNM/MFR and all corrective actions have been taken, so that no
further actions can be reasonable anticipated.
ACO shall disposition reportable audits within (12) months
What does CAFU Resolution mean? - answerWhen the contracting officer has
determined and documented an action plan for addressing the audit findings in a PNOM
or MFR. For reports covering CAS noncompliance, resolution is achieved when the
contracting officer issues a notice of potential noncompliance to the contractor. For
audits covering business systems, resolution is achieved when the contracting officer
issues a written initial determination.
ACO shall resolve reportable audits within six (6) months
What are the six (6) types of Business Systems? - answerDCMA - Purchasing,
Property, Earned Value Management
DCAA - Accounting, Material Management Accounting System, Cost Estimating System
What are the R9 Codes and FAR Clauses for each Business System? - answer1.
Purchasing System - 252.244-7001 (R9 - 90)
2. Property System - 252.245-7003 (R9 - Special Provision E)
3. Earned Value Management - 252.234-7002 (R9 - PP)
4. Accounting System - 252.242-7006 (R9 - 89)
5. Material Management Accounting System - 252.242-7004 (R9 - 88)
6. Cost Estimating System - 252.215-7002 (R9 - 87)
Accounting System Administration - answer1. DCAA R9 - 89
2. DFARS 252.242.7006
3. Cost reimbursement, incentive type, Time and Material, Labor-Hour contracts or
progress payments.
4. Create III/IV CAR potential significant deficiencies identified by DCAA audit report.
Cost Estimating System - answer1. DCAA R9 - 87
2. DFARS 252.215-7002
3. Requirements - 215.407-5(70)(b)
a. Large business preceding year $50 Mil Certified Cost Pricing were required
b. Large Business $10 Mil or more Certified Cost Price Data, Notify by PCO and
significant deficiencies
