CON 1400 Test with All Correct & 100% Verified
Answers |Latest Version| Guaranteed to Pass
Post-Award Orientation
1. Can be _____ or _____ depending on the nature of the contract and intended performance
2. Has _____ universal format that must be followed
3. Should be as simple and precise as possible
4. Is key to achieve a clear and _____ of all contract requirements (ex. roles and suspense date)
5. Is key to identifying and resolving potential problems. ✔Correct Answer-Simple
complex
no
mutual understanding
What function CANNOT be delegated by the KO? ✔Correct Answer-Award, agree to, or execute a
contract
The KO cannot delegate the ability to obligate or de-obligate money
According to FAR Part 42.302, which of the following functions does the Contracting Officer normally
delegate to the Contract Admin Office (CAO)? ✔Correct Answer-Contractor compensation
Costs and payment
Government property and surveillance and status reporting
What is the contracting officer responsible for? ✔Correct Answer-Performing all inspections and
test required by the contract except those specifically reserved for performance by the Government
Controlling the quality of supplies or services
What is the least preferred type of contracting? What is the most preferred? ✔Correct Answer-
Advance Payments (Least preferred)
Performance-based Payments (PBP) (Most Preferred)
Payment is generally due within _____ days of invoice date or government acceptance and
construction contracts within _____ days. Late payments accrue ______ due to the contractor.
✔Correct Answer-30 days, 14 days, interest
The government has ____ days from receipt to notify the contractor if invoice is improper. This is also
the same number of days that the government has to inspect and accept items. ✔Correct Answer-
7 Days
Make sure we have the right amount of _______ to pay the contractor for the right purpose.
✔Correct Answer-money
A _________________ Plan will help you develop and organize the communications strategy you'll
need to keep your key stakeholders, customers, and acquisition team informed as you move thru the
different phases of the service acquisition process. ✔Correct Answer-Communication Plan
, How do we determine goods and services conform to contract requirements? ✔Correct Answer-
Within a reasonable period of time, the government reserves the right to inspect or test any supplies
or services that have been sold, and upon satisfaction (they conform to the requirements of the
contract) they will accept those items for payment
Who has the responsibility for the acceptance of goods? ✔Correct Answer-The government.
Governments policy of providing government property? ✔Correct Answer-FAR 45.104
Responsibility and liability for Government property.
(a) Generally, contractors are not held liable for loss of Government property under the following
types of contracts:
(1) Cost-reimbursement contracts.
(2) Time-and-material contracts.
(3) Labor-hour contracts.
(4) Fixed-price contracts awarded on the basis of submission of certified cost or pricing data.
(b) The contracting officer may revoke the Government's assumption of risk when the property
administrator determines that the contractor's property management practices are noncompliant
with contract requirements.
Risk triangle (Cost schedule performance) understand it: ✔Correct Answer-Cost Risk. Cost risk is an
escalation of project costs.
Schedule Risk. Schedule risk is the risk that activities will take longer than expected and is typically
the result of poor planning.
Performance Risk. Performance risk is the risk that the project will fail to produce results consistent
with project specifications.
Evaluate tools to adjust risk, Monte Carlo, ect ect and what they address. ✔Correct Answer-
Sensitivity Analysis (scope risk)
Monte Carlo Simulation (Random Simulation for schedule or cost risk)
Symmetric Approximation (cost risk analysis tool that is often used to compute the probability of cost
overruns and/or cost underruns given a point estimate)
Who is responsible for executing tests and inspections required by the contract? ✔Correct Answer-
The contractor is responsible for: Performing all inspections and test required by the contract except
those specifically reserved for performance by the Government
Nonconformance -minor, major what are the remedies of major and minor non conformances?
✔Correct Answer--Minor Non-conformance
-Accept the deliverable without consideration
-Accept the deliverable with consideration
-Major Non-conformance
-Reject and obtain a no-cost correction/replacement
-Reject and send cure notice
Answers |Latest Version| Guaranteed to Pass
Post-Award Orientation
1. Can be _____ or _____ depending on the nature of the contract and intended performance
2. Has _____ universal format that must be followed
3. Should be as simple and precise as possible
4. Is key to achieve a clear and _____ of all contract requirements (ex. roles and suspense date)
5. Is key to identifying and resolving potential problems. ✔Correct Answer-Simple
complex
no
mutual understanding
What function CANNOT be delegated by the KO? ✔Correct Answer-Award, agree to, or execute a
contract
The KO cannot delegate the ability to obligate or de-obligate money
According to FAR Part 42.302, which of the following functions does the Contracting Officer normally
delegate to the Contract Admin Office (CAO)? ✔Correct Answer-Contractor compensation
Costs and payment
Government property and surveillance and status reporting
What is the contracting officer responsible for? ✔Correct Answer-Performing all inspections and
test required by the contract except those specifically reserved for performance by the Government
Controlling the quality of supplies or services
What is the least preferred type of contracting? What is the most preferred? ✔Correct Answer-
Advance Payments (Least preferred)
Performance-based Payments (PBP) (Most Preferred)
Payment is generally due within _____ days of invoice date or government acceptance and
construction contracts within _____ days. Late payments accrue ______ due to the contractor.
✔Correct Answer-30 days, 14 days, interest
The government has ____ days from receipt to notify the contractor if invoice is improper. This is also
the same number of days that the government has to inspect and accept items. ✔Correct Answer-
7 Days
Make sure we have the right amount of _______ to pay the contractor for the right purpose.
✔Correct Answer-money
A _________________ Plan will help you develop and organize the communications strategy you'll
need to keep your key stakeholders, customers, and acquisition team informed as you move thru the
different phases of the service acquisition process. ✔Correct Answer-Communication Plan
, How do we determine goods and services conform to contract requirements? ✔Correct Answer-
Within a reasonable period of time, the government reserves the right to inspect or test any supplies
or services that have been sold, and upon satisfaction (they conform to the requirements of the
contract) they will accept those items for payment
Who has the responsibility for the acceptance of goods? ✔Correct Answer-The government.
Governments policy of providing government property? ✔Correct Answer-FAR 45.104
Responsibility and liability for Government property.
(a) Generally, contractors are not held liable for loss of Government property under the following
types of contracts:
(1) Cost-reimbursement contracts.
(2) Time-and-material contracts.
(3) Labor-hour contracts.
(4) Fixed-price contracts awarded on the basis of submission of certified cost or pricing data.
(b) The contracting officer may revoke the Government's assumption of risk when the property
administrator determines that the contractor's property management practices are noncompliant
with contract requirements.
Risk triangle (Cost schedule performance) understand it: ✔Correct Answer-Cost Risk. Cost risk is an
escalation of project costs.
Schedule Risk. Schedule risk is the risk that activities will take longer than expected and is typically
the result of poor planning.
Performance Risk. Performance risk is the risk that the project will fail to produce results consistent
with project specifications.
Evaluate tools to adjust risk, Monte Carlo, ect ect and what they address. ✔Correct Answer-
Sensitivity Analysis (scope risk)
Monte Carlo Simulation (Random Simulation for schedule or cost risk)
Symmetric Approximation (cost risk analysis tool that is often used to compute the probability of cost
overruns and/or cost underruns given a point estimate)
Who is responsible for executing tests and inspections required by the contract? ✔Correct Answer-
The contractor is responsible for: Performing all inspections and test required by the contract except
those specifically reserved for performance by the Government
Nonconformance -minor, major what are the remedies of major and minor non conformances?
✔Correct Answer--Minor Non-conformance
-Accept the deliverable without consideration
-Accept the deliverable with consideration
-Major Non-conformance
-Reject and obtain a no-cost correction/replacement
-Reject and send cure notice
