CON 1300 Exam Study Guide with all Correct & 100%
Verified Answers |Latest Update| Already Graded A+
What is an offer? ✔Correct Answer-A response to a solicitation that, if accepted, would bind the
offeror to perform the resultant contract.
Does a quotation include specs, technical, and past performance on a quote? ✔Correct Answer-
No, that's a proposal (A quote has money, proposal has other stuff in it)
LPTA, Do we have anything we tradeoff in an LPTA? ✔Correct Answer-No, Tradeoff process if you
are trading anything off. LPTA, look at if it is yes or no for technically acceptable, if yes - get the
lowest price
What risk is associated with a contractor not meeting objectives? ✔Correct Answer-Performance
Risk
What is not a Key Risk Element: cost, schedule, subcontracting, performance? ✔Correct Answer-
Subcontracting
(Cost, Schedule, and Performance are Key Risk Elements)
True or False:
We use proposal analysis to determine if final price is fair and reasonable? ✔Correct Answer-True
If we are performing price analysis, do we compare separate line item prices? ✔Correct Answer-No
we don't, that is cost analysis
Is government furnished property a priced related factor? ✔Correct Answer-Yes
What is the price adjustment for HUB Zones? ✔Correct Answer-10% price adjustment to all non-
small and non HUBZone businesses.
When we aren't doing tradeoff, what price do we go with? ✔Correct Answer-Lowest Price
Technically Acceptable (LPTA)
When we have certified cost of pricing data, what type of analysis are we going to do? ✔Correct
Answer-Cost Analysis
What are the exemptions to Truth in Negotiations Act (TINA)? ✔Correct Answer-Commercial,
Competition, and Waiver (Slide 62)
What is direct cost? ✔Correct Answer-Definition: any cost directly identified with a single, final cost
objective. (Slide 64) (Material and labor)
What are the steps to using cost analysis? ✔Correct Answer-1. get a good proposal, 2. enlist the
help of others, 3. Review the proposal, 4. Model the proposal, 5. Fact-find the proposal, 6. Evaluate
the proposal
Verified Answers |Latest Update| Already Graded A+
What is an offer? ✔Correct Answer-A response to a solicitation that, if accepted, would bind the
offeror to perform the resultant contract.
Does a quotation include specs, technical, and past performance on a quote? ✔Correct Answer-
No, that's a proposal (A quote has money, proposal has other stuff in it)
LPTA, Do we have anything we tradeoff in an LPTA? ✔Correct Answer-No, Tradeoff process if you
are trading anything off. LPTA, look at if it is yes or no for technically acceptable, if yes - get the
lowest price
What risk is associated with a contractor not meeting objectives? ✔Correct Answer-Performance
Risk
What is not a Key Risk Element: cost, schedule, subcontracting, performance? ✔Correct Answer-
Subcontracting
(Cost, Schedule, and Performance are Key Risk Elements)
True or False:
We use proposal analysis to determine if final price is fair and reasonable? ✔Correct Answer-True
If we are performing price analysis, do we compare separate line item prices? ✔Correct Answer-No
we don't, that is cost analysis
Is government furnished property a priced related factor? ✔Correct Answer-Yes
What is the price adjustment for HUB Zones? ✔Correct Answer-10% price adjustment to all non-
small and non HUBZone businesses.
When we aren't doing tradeoff, what price do we go with? ✔Correct Answer-Lowest Price
Technically Acceptable (LPTA)
When we have certified cost of pricing data, what type of analysis are we going to do? ✔Correct
Answer-Cost Analysis
What are the exemptions to Truth in Negotiations Act (TINA)? ✔Correct Answer-Commercial,
Competition, and Waiver (Slide 62)
What is direct cost? ✔Correct Answer-Definition: any cost directly identified with a single, final cost
objective. (Slide 64) (Material and labor)
What are the steps to using cost analysis? ✔Correct Answer-1. get a good proposal, 2. enlist the
help of others, 3. Review the proposal, 4. Model the proposal, 5. Fact-find the proposal, 6. Evaluate
the proposal
