ACO CORB Exam Questions and
Answers (100% Correct Answers) A+
Latest 2025
What is the difference between a PNOM & PNM? -CORRECTANSWER The Pre-
Negotiation Objective (PNO) establishes the Government's initial negotiation
parameters before conducting the negotiation and document the Assigned Individual's
determination of a fair and reasonable price. The Assigned Individual shall document
the pre-negotiation objectives in a PNOM and must consider the results of the cost and
pricing analysis report or other reports provided.
The Price Negotiation Memorandum (PNM) is documentation of the results of the
negotiation. The Assigned Individual shall clearly state in the PNM how the negotiated
price was determined fair and reasonable. If the total negotiated price exceeds the total
,pre-negotiation objective, the PNM shall include sufficient rationale for determining the
price fair and reasonable.
How many days does DCMA have to review a contract and ensure data integrity? -
CORRECTANSWER 30 days
What 7 items should the ACO pay special attention to during CRR? -
CORRECTANSWER 1. Financing clauses
2. Payment instructions that conflict w/ regulatory requirements
3. Whether the contract is CAS covered
4. Billing and invoicing terms
5. Undefinitized Contract Actions to be negotiated by ACO
6. Requirements for award fee, liquidated damages, specialty metals, consent to
subcontract, electronic invoicing, first article, special contract clauses (Section H)
7. Requirements for contractors to report contract performance outside the U.S.
What 6 elements are to be reviewed during initial CRR? -CORRECTANSWER 1.
Assignment to the proper CMO
2. Assignment of proper pay office
3. Proper delegation received
4. Receipt of all attachments and exhibits
5. Other contract workload status
6. Requirements for additional functional support
,What must be done if the trafficking in persons clause is not present? -
CORRECTANSWER Bring it to the PCO's attention, issue CDR if necessary
What should be considered when determining if a Post Award Orientation Conference
(PAOC) is to be held or not? -CORRECTANSWER a. Nature/extent of the pre-award
survey and any other prior discussions with contractor
b. Type, value, and complexity of the contract
c. Complexity and acquisition history of the product or service
d. Requirements for spare parts and related equipment
e. Urgency of the delivery schedule and relationship of the product/service to critical
programs
f. Length of the planned production cycle
g. Extent of subcontracting
h. Contractor's performance history and experience with the product or service
i. Contractor's status, if any, as a small business, small disadvantaged, women-owned,
veteran-owned, HUBZone, or service-disabled veteran-owned small business concern
j. Contractor's performance history with small, small disadvantaged, women-owned,
veteran-owned, HUBZone, and service-disabled veteran-owned small business
subcontracting programs
k. Safety precautions required for hazardous materials or operations
l. Complex financing arrangements, such as progress payments, advance payments, or
performance based payments
, m. Assigned contractor personnel are new to Government contracting
What is a Post Award Conference and when should one be held? -CORRECTANSWER
A Post Award Conference aids both the Government and contractor personnel in
achieving a clear and mutual understanding of all contractual requirements and helps to
identify and resolve potential problems. A Post Award Conference should be held as
soon as possible after contract award if the ACO deems it necessary.
What is the process to close a contract? (Review Closeout Instruction - complex issue
and different for FFP and Cost type contracts) -CORRECTANSWER a. Review the
contract and determine if it is physically complete (final acceptance document received
and entered into MOCAS - quantity of items shipped equals quantity ordered or within
quantity variance authorized)
b. Identify and remove excess funds from FFP contracts
c. Use the Contract Closeout Checklist and Contract Closeout Flowchart to ensure all
closeout actions are accomplished; Items to consider/verify:
d. Patents
e. Property Clearance
f. If contract contains a DD-254, verify completion of security actions, disposition of
classified material.
g. ULO
h. Have audits been received for all years; have rates been determined
i. Contractor submits a final voucher
Answers (100% Correct Answers) A+
Latest 2025
What is the difference between a PNOM & PNM? -CORRECTANSWER The Pre-
Negotiation Objective (PNO) establishes the Government's initial negotiation
parameters before conducting the negotiation and document the Assigned Individual's
determination of a fair and reasonable price. The Assigned Individual shall document
the pre-negotiation objectives in a PNOM and must consider the results of the cost and
pricing analysis report or other reports provided.
The Price Negotiation Memorandum (PNM) is documentation of the results of the
negotiation. The Assigned Individual shall clearly state in the PNM how the negotiated
price was determined fair and reasonable. If the total negotiated price exceeds the total
,pre-negotiation objective, the PNM shall include sufficient rationale for determining the
price fair and reasonable.
How many days does DCMA have to review a contract and ensure data integrity? -
CORRECTANSWER 30 days
What 7 items should the ACO pay special attention to during CRR? -
CORRECTANSWER 1. Financing clauses
2. Payment instructions that conflict w/ regulatory requirements
3. Whether the contract is CAS covered
4. Billing and invoicing terms
5. Undefinitized Contract Actions to be negotiated by ACO
6. Requirements for award fee, liquidated damages, specialty metals, consent to
subcontract, electronic invoicing, first article, special contract clauses (Section H)
7. Requirements for contractors to report contract performance outside the U.S.
What 6 elements are to be reviewed during initial CRR? -CORRECTANSWER 1.
Assignment to the proper CMO
2. Assignment of proper pay office
3. Proper delegation received
4. Receipt of all attachments and exhibits
5. Other contract workload status
6. Requirements for additional functional support
,What must be done if the trafficking in persons clause is not present? -
CORRECTANSWER Bring it to the PCO's attention, issue CDR if necessary
What should be considered when determining if a Post Award Orientation Conference
(PAOC) is to be held or not? -CORRECTANSWER a. Nature/extent of the pre-award
survey and any other prior discussions with contractor
b. Type, value, and complexity of the contract
c. Complexity and acquisition history of the product or service
d. Requirements for spare parts and related equipment
e. Urgency of the delivery schedule and relationship of the product/service to critical
programs
f. Length of the planned production cycle
g. Extent of subcontracting
h. Contractor's performance history and experience with the product or service
i. Contractor's status, if any, as a small business, small disadvantaged, women-owned,
veteran-owned, HUBZone, or service-disabled veteran-owned small business concern
j. Contractor's performance history with small, small disadvantaged, women-owned,
veteran-owned, HUBZone, and service-disabled veteran-owned small business
subcontracting programs
k. Safety precautions required for hazardous materials or operations
l. Complex financing arrangements, such as progress payments, advance payments, or
performance based payments
, m. Assigned contractor personnel are new to Government contracting
What is a Post Award Conference and when should one be held? -CORRECTANSWER
A Post Award Conference aids both the Government and contractor personnel in
achieving a clear and mutual understanding of all contractual requirements and helps to
identify and resolve potential problems. A Post Award Conference should be held as
soon as possible after contract award if the ACO deems it necessary.
What is the process to close a contract? (Review Closeout Instruction - complex issue
and different for FFP and Cost type contracts) -CORRECTANSWER a. Review the
contract and determine if it is physically complete (final acceptance document received
and entered into MOCAS - quantity of items shipped equals quantity ordered or within
quantity variance authorized)
b. Identify and remove excess funds from FFP contracts
c. Use the Contract Closeout Checklist and Contract Closeout Flowchart to ensure all
closeout actions are accomplished; Items to consider/verify:
d. Patents
e. Property Clearance
f. If contract contains a DD-254, verify completion of security actions, disposition of
classified material.
g. ULO
h. Have audits been received for all years; have rates been determined
i. Contractor submits a final voucher
