Page 1 of 193
FAC-C (Professional) Exam ALL 500
QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR
FAR Part ___, ___ ___ gives guidance that can be generalized for contract methods beyond
those covered by the rest of FAR Part 15.
15.404, Proposal Analysis
To plan for negotiations, the buying activity may ask for ___ from offerors and then develop
___ ___.
Clarification, negotiation objectives.
In all cases, ___ must explain the process that arrived at an offeror being awarded a contract.
Documentation
What FAR/DFARS Parts discuss the protest processes?
FAR Subpart 33.1; DFARS Subpart 233.1.
The third contract lifecycle phase is ___.
Postaward
1
, Page 2 of 193
The postaward phase involves:
All the work performed by both the buyer and seller during contract performance, to include
changes to the contract, contract closeout, and sometimes termination of a contract.
The postaward phase (sometimes referred to as contract administration) consists of two
primary activities:
Perform contract and close contract.
Perform contract involves monitoring risk and assessing its impact on contract performance,
ensuring compliance with:
Contractual terms and conditions; contract technical requirements during contract
performance up to contract closeout or termination.
What two parties must administer the contract?
Buyer and seller.
Contract administration requires:
Continuous documentation throughout the life of the contract and depends on good
communication, funds management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of postaward activities and responsibilities?
FAR Part 42 Contract Administration and Audit Services; DFARS Part 242.
2
, Page 3 of 193
Quality includes:
Schedule, cost, and delivery of services or items.
Whose responsibility is quality?
The seller.
Which FAR Part gives important guidance for planning and ensuring successful contract
performance?
FAR Part 46 Quality Assurance
The supply chain consists of a network of:
Subcontractors, vendors, and other service/item providers to the seller or prime contractor.
Which FAR/DFARS Part covers policies and procedures as they relate to subcontractors?
FAR Part 44 Subcontracting Policies and Procedures
Which FAR Part covers changes to contracts?
FAR Part 43 Contract Modifications
Which FAR Part discusses termination of contracts?
FAR Part 49 Termination of Contracts
Contract closeout is the process of:
3
, Page 4 of 193
Verifying al the requirements of the contract are satisfied, settling unresolved matters, and
reconciling the contract to make final payment.
Contract closeout tasks include:
Validation of completion of contract requirements, disposition of property, settling subcontract
issues, funds reconciliation, and final payment (also an assessment of seller performance
depending on dollar value).
Which FAR Part covers the closeout of government contract files?
FAR 4.804 Closeout of Contract Files.
Which FAR Part covers the responsibilities associated with government property prior to and
through contract closeout?
FAR Part 45 Government Property.
The contracting lifecycle consists of three phases:
Preaward, award, & postaward
The preaward phase involves:
All the work performed by both the buyer (Government or prime contractor) and seller
(contractor or subcontractor in communicating the buyer's requirements and providing a
solution to those requirements.
4
FAC-C (Professional) Exam ALL 500
QUESTIONS AND VERIFIED SOLUTIONS
LATEST UPDATE THIS YEAR
FAR Part ___, ___ ___ gives guidance that can be generalized for contract methods beyond
those covered by the rest of FAR Part 15.
15.404, Proposal Analysis
To plan for negotiations, the buying activity may ask for ___ from offerors and then develop
___ ___.
Clarification, negotiation objectives.
In all cases, ___ must explain the process that arrived at an offeror being awarded a contract.
Documentation
What FAR/DFARS Parts discuss the protest processes?
FAR Subpart 33.1; DFARS Subpart 233.1.
The third contract lifecycle phase is ___.
Postaward
1
, Page 2 of 193
The postaward phase involves:
All the work performed by both the buyer and seller during contract performance, to include
changes to the contract, contract closeout, and sometimes termination of a contract.
The postaward phase (sometimes referred to as contract administration) consists of two
primary activities:
Perform contract and close contract.
Perform contract involves monitoring risk and assessing its impact on contract performance,
ensuring compliance with:
Contractual terms and conditions; contract technical requirements during contract
performance up to contract closeout or termination.
What two parties must administer the contract?
Buyer and seller.
Contract administration requires:
Continuous documentation throughout the life of the contract and depends on good
communication, funds management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of postaward activities and responsibilities?
FAR Part 42 Contract Administration and Audit Services; DFARS Part 242.
2
, Page 3 of 193
Quality includes:
Schedule, cost, and delivery of services or items.
Whose responsibility is quality?
The seller.
Which FAR Part gives important guidance for planning and ensuring successful contract
performance?
FAR Part 46 Quality Assurance
The supply chain consists of a network of:
Subcontractors, vendors, and other service/item providers to the seller or prime contractor.
Which FAR/DFARS Part covers policies and procedures as they relate to subcontractors?
FAR Part 44 Subcontracting Policies and Procedures
Which FAR Part covers changes to contracts?
FAR Part 43 Contract Modifications
Which FAR Part discusses termination of contracts?
FAR Part 49 Termination of Contracts
Contract closeout is the process of:
3
, Page 4 of 193
Verifying al the requirements of the contract are satisfied, settling unresolved matters, and
reconciling the contract to make final payment.
Contract closeout tasks include:
Validation of completion of contract requirements, disposition of property, settling subcontract
issues, funds reconciliation, and final payment (also an assessment of seller performance
depending on dollar value).
Which FAR Part covers the closeout of government contract files?
FAR 4.804 Closeout of Contract Files.
Which FAR Part covers the responsibilities associated with government property prior to and
through contract closeout?
FAR Part 45 Government Property.
The contracting lifecycle consists of three phases:
Preaward, award, & postaward
The preaward phase involves:
All the work performed by both the buyer (Government or prime contractor) and seller
(contractor or subcontractor in communicating the buyer's requirements and providing a
solution to those requirements.
4
