The CO is a person with the authority to enter into, administer, and/or terminate contracts
and make related determinations and findings. - ANSWER True
What part of teh FAR prescribes policies and procedures for assigning and perofrming
contract administration and contract audit services? - ANSWER 42
The CO may delegate additional functions to the CAO beyond those listed in FAR 42.302 -
ANSWER False
In a postaward meeting, the CO will conduct a preliminary meeting of government personnel
and will designate or act as teh chairperson at the conference. True or Fals1 -
ANSWER True
What should the contract management plan include, other than being as simple and precise
as possible? - ANSWER What must me done. When it must take place. Who must do it.
How it is to be accomplished. Where it is to be accomplished.
True or False: The COR plays an important role in the postaward phase of the acquisition and
is the eyes and ears of the contracting officer. - ANSWER True
True or False: The DD Form 1484A may be used in conducting the conference and in
preparing the conference report. - ANSWER True
1
, True or False: All invoice payments, with the exception of interim payments on cost
reimbursement contracts for services, must be supported by a receiving report or other
goverment documentation authorizing payment. - ANSWER True
The government will not make invoice payment earlier than 7 days prior to the due dates
specified in the contract unless what is determined by the agency head? - ANSWER To
make earlier payment on a case-by-case basis. That the use of accelerated payment methods
are necessary.
What are some examples of contract financing methods? - ANSWER Progress
payment. Loan Guarantees. Performance base payments. Advanced payments. Partial
Delivery Payments.
Contracting Officers can only provide property to contractors when what is clearly
demonstrated? - ANSWER It is in the government's best interest. Overal benefit
significantly outweighs the increased cost of admin. Does not substantially increase the
gov'ts assumption of risk. Goverment requirments cannot otherwise be met.
True or False: Government property shall normall be provided on a rent-free basis in
performance of the contract under which it is accountable or otherwise authorized. -
ANSWER True
True or Fall: Contractors are held liable for loss of government property. -
ANSWER False
True or False: The rate cycle process all starts when the contractor submits a forward pricing
rate proposal (FPRP) at the beginning of an accounting period. DCAA and DCMA taket hat
proposal through a rpocess that will ultimately lead to a Forward Processing Rate Agreement
(FPRA) - ANSWER True
True or False: Billing rates are used to adjust and close out contracts - ANSWER False:
Billing rates provide a mother for interim reimbursement of indirect costs at estimated rates.
2
and make related determinations and findings. - ANSWER True
What part of teh FAR prescribes policies and procedures for assigning and perofrming
contract administration and contract audit services? - ANSWER 42
The CO may delegate additional functions to the CAO beyond those listed in FAR 42.302 -
ANSWER False
In a postaward meeting, the CO will conduct a preliminary meeting of government personnel
and will designate or act as teh chairperson at the conference. True or Fals1 -
ANSWER True
What should the contract management plan include, other than being as simple and precise
as possible? - ANSWER What must me done. When it must take place. Who must do it.
How it is to be accomplished. Where it is to be accomplished.
True or False: The COR plays an important role in the postaward phase of the acquisition and
is the eyes and ears of the contracting officer. - ANSWER True
True or False: The DD Form 1484A may be used in conducting the conference and in
preparing the conference report. - ANSWER True
1
, True or False: All invoice payments, with the exception of interim payments on cost
reimbursement contracts for services, must be supported by a receiving report or other
goverment documentation authorizing payment. - ANSWER True
The government will not make invoice payment earlier than 7 days prior to the due dates
specified in the contract unless what is determined by the agency head? - ANSWER To
make earlier payment on a case-by-case basis. That the use of accelerated payment methods
are necessary.
What are some examples of contract financing methods? - ANSWER Progress
payment. Loan Guarantees. Performance base payments. Advanced payments. Partial
Delivery Payments.
Contracting Officers can only provide property to contractors when what is clearly
demonstrated? - ANSWER It is in the government's best interest. Overal benefit
significantly outweighs the increased cost of admin. Does not substantially increase the
gov'ts assumption of risk. Goverment requirments cannot otherwise be met.
True or False: Government property shall normall be provided on a rent-free basis in
performance of the contract under which it is accountable or otherwise authorized. -
ANSWER True
True or Fall: Contractors are held liable for loss of government property. -
ANSWER False
True or False: The rate cycle process all starts when the contractor submits a forward pricing
rate proposal (FPRP) at the beginning of an accounting period. DCAA and DCMA taket hat
proposal through a rpocess that will ultimately lead to a Forward Processing Rate Agreement
(FPRA) - ANSWER True
True or False: Billing rates are used to adjust and close out contracts - ANSWER False:
Billing rates provide a mother for interim reimbursement of indirect costs at estimated rates.
2
