He first step in executing the contract is - ANSWER to award the contract to a
responsible contractor
The Acquisition Team consists of - ANSWER all participants in Government acquisition
including not only representatives of the technical, supply, and procurement communities
but also the customers they serve, and the contractors who provide the products and
services
The Contracting officer is a person - ANSWER with the authority to enter into,
administer, and/or terminate contracts and make related determinations and findings
The QASP outlines - ANSWER all work that requires surveillance and the method of
surveillance
A formal contract administration plan involves - ANSWER setting up systems and
procedures to ensure compliance with a contract's terms and conditions during performance
What part of the FAR prescribes policies and procedures for assigning and performing
contract administration and contract audit services? - ANSWER FAR part 42
Post-award orientation is - ANSWER encouraged to assist small business, small
disadvantaged, women-owned, veteran-owned, HUB Zone, and service-disabled veteran-
owned small business concerns
1
, The contract management plan should be kept as simple and precise as possible and should
include: - ANSWER What must be done
When it must take place
Who must do it
How it is to be accomplished
Where it is to be accomplished
Before executing any contract, the contracting officer shall - ANSWER Obtain written
assurance from responsible fiscal authority that adequate funds are available
Payment will be based on - ANSWER receipt of a proper invoice and satisfactory
contract performance
The Government will not make invoice payments earlier than 7 days prior to the due dates
specified in the contract unless the agency head determines - 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 Advanced
Payments
Progress Payments
Performance Based Payments
Contracting officers can only provide property to contractors when it is clearly demonstrated
- ANSWER To be in the Government's best interest.
That the overall benefit to the acquisition significantly outweighs the increased cost of
administration, including ultimate property disposal.
That providing the property does not substantially increase the Government's assumption of
risk.
That Government requirements cannot otherwise be met
2
responsible contractor
The Acquisition Team consists of - ANSWER all participants in Government acquisition
including not only representatives of the technical, supply, and procurement communities
but also the customers they serve, and the contractors who provide the products and
services
The Contracting officer is a person - ANSWER with the authority to enter into,
administer, and/or terminate contracts and make related determinations and findings
The QASP outlines - ANSWER all work that requires surveillance and the method of
surveillance
A formal contract administration plan involves - ANSWER setting up systems and
procedures to ensure compliance with a contract's terms and conditions during performance
What part of the FAR prescribes policies and procedures for assigning and performing
contract administration and contract audit services? - ANSWER FAR part 42
Post-award orientation is - ANSWER encouraged to assist small business, small
disadvantaged, women-owned, veteran-owned, HUB Zone, and service-disabled veteran-
owned small business concerns
1
, The contract management plan should be kept as simple and precise as possible and should
include: - ANSWER What must be done
When it must take place
Who must do it
How it is to be accomplished
Where it is to be accomplished
Before executing any contract, the contracting officer shall - ANSWER Obtain written
assurance from responsible fiscal authority that adequate funds are available
Payment will be based on - ANSWER receipt of a proper invoice and satisfactory
contract performance
The Government will not make invoice payments earlier than 7 days prior to the due dates
specified in the contract unless the agency head determines - 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 Advanced
Payments
Progress Payments
Performance Based Payments
Contracting officers can only provide property to contractors when it is clearly demonstrated
- ANSWER To be in the Government's best interest.
That the overall benefit to the acquisition significantly outweighs the increased cost of
administration, including ultimate property disposal.
That providing the property does not substantially increase the Government's assumption of
risk.
That Government requirements cannot otherwise be met
2
