VIRGINIA BILLBOARD SIGN
CONTRACTING TEST BANK EXPERT
REVIEWED QUESTIONS ANSWERS
◉ Define the pre-award phase. Answer: Invokes all work performed
by both the buyer (Gov't or Prime Contractor) and seller (contractor
or sub) in communicating the buyer's requirements and providing a
solution to those requirements
◉ What typically starts before the contracting process? Answer:
Requirement definition, budgeting/funding process, and acquisition
planning.
◉ The pre-award phase consist of what two primary activities?.
Answer: Develop Solicitation (for our purpose, this is done by the
Gov't or the contractor) and develop offer (this is done by the
contractor or sub)
◉ In planning the solicitation. Answer: The buying activity must
assess the need and analyze the requirement as well make sure that
contract outcomes will be measurable and properly incentivized.
They buying activity must also verify availability of funds.
◉ Buying activities must also. Answer: Conduct market research to
identify potential suppliers, evaluate if the requirement is
,achievable, and perform any pre-offer conferences or
communication
◉ Market Research happens in what phases of contracting life
cycle?. Answer: Is a process continuous through out all phases of the
contracting life cycle
◉ In planning the solicitation.... Answer: Buying activities should
analyze risk that can take the form of performing make or by
decisions, conducting a supply or service determination, and
understanding the required schedule or needs of the customer.
◉ Before finalizing the solicitation.... Answer: The contract manager
will participate in choosing a contract type and contracting method,
help determine applicable regulations, and assist in building an
evaluation strategy for offers.
◉ In response to a solicitation.... Answer: The seller will submit an
offer
◉ The sellers offer should include. Answer: The offer must've line
with the offerers overall sales plan and overall risk category.
determining which parts of the contract performance the offer will
need assistance from partners, subcontractors, or vendors.
Communicate with the buying activity to make sure all information
has been provided
,◉ What is the award phase?. Answer: The second contract life cycle
phase is award. The word phase involves all work performed by both
the buyer and seller that produces an award contract.
◉ What is one activity in the ward phase?. Answer: Form the
contract
◉ When the government receives offers they must analyze
proposals for what?. Answer: In terms of risk, review for price of
reasonableness, and document the results of the analysis.
◉ Based on the analysis of proposal, to plan for negotiations the
government may ask for?. Answer: Clarification from offers and then
develop negotiation objectives. The offer will respond to the request
for clarification and prepare for negotiations as well.
◉ True or false; the buyer and seller may exchange ideas or have
discussions, they may be informal or highly structured as needed
during the award phase. Answer: True
◉ After reviewing proposals and analyzing the proposals and having
exchanges with the sellers, the buyer will then?. Answer: Select a
source
, ◉ What is the third contract life cycle phase?. Answer: Post award
phase
◉ What are the two primary elements of the post ward phase?.
Answer: Perform contract and Close Contract
◉ What is involved in the post award phase?. Answer: Involves all
the work performed by both the buyer and seller during contract
performance, to include changes to the contract, contract close out,
and sometimes termination of a contract.
◉ What happens during post award phase activity perform the
contract?. Answer: During this phase, we are monitoring risk in
assessing its impact on contract performance ensuring compliance
with one contractual terms and conditions and two contract
technical requirements during contract performance up to contract
close out or termination
◉ True or False: Both the buyer and seller must administer the
contract?. Answer: True
◉ What is an important focus during post-award contract
administration?. Answer: Quality of contract performance
CONTRACTING TEST BANK EXPERT
REVIEWED QUESTIONS ANSWERS
◉ Define the pre-award phase. Answer: Invokes all work performed
by both the buyer (Gov't or Prime Contractor) and seller (contractor
or sub) in communicating the buyer's requirements and providing a
solution to those requirements
◉ What typically starts before the contracting process? Answer:
Requirement definition, budgeting/funding process, and acquisition
planning.
◉ The pre-award phase consist of what two primary activities?.
Answer: Develop Solicitation (for our purpose, this is done by the
Gov't or the contractor) and develop offer (this is done by the
contractor or sub)
◉ In planning the solicitation. Answer: The buying activity must
assess the need and analyze the requirement as well make sure that
contract outcomes will be measurable and properly incentivized.
They buying activity must also verify availability of funds.
◉ Buying activities must also. Answer: Conduct market research to
identify potential suppliers, evaluate if the requirement is
,achievable, and perform any pre-offer conferences or
communication
◉ Market Research happens in what phases of contracting life
cycle?. Answer: Is a process continuous through out all phases of the
contracting life cycle
◉ In planning the solicitation.... Answer: Buying activities should
analyze risk that can take the form of performing make or by
decisions, conducting a supply or service determination, and
understanding the required schedule or needs of the customer.
◉ Before finalizing the solicitation.... Answer: The contract manager
will participate in choosing a contract type and contracting method,
help determine applicable regulations, and assist in building an
evaluation strategy for offers.
◉ In response to a solicitation.... Answer: The seller will submit an
offer
◉ The sellers offer should include. Answer: The offer must've line
with the offerers overall sales plan and overall risk category.
determining which parts of the contract performance the offer will
need assistance from partners, subcontractors, or vendors.
Communicate with the buying activity to make sure all information
has been provided
,◉ What is the award phase?. Answer: The second contract life cycle
phase is award. The word phase involves all work performed by both
the buyer and seller that produces an award contract.
◉ What is one activity in the ward phase?. Answer: Form the
contract
◉ When the government receives offers they must analyze
proposals for what?. Answer: In terms of risk, review for price of
reasonableness, and document the results of the analysis.
◉ Based on the analysis of proposal, to plan for negotiations the
government may ask for?. Answer: Clarification from offers and then
develop negotiation objectives. The offer will respond to the request
for clarification and prepare for negotiations as well.
◉ True or false; the buyer and seller may exchange ideas or have
discussions, they may be informal or highly structured as needed
during the award phase. Answer: True
◉ After reviewing proposals and analyzing the proposals and having
exchanges with the sellers, the buyer will then?. Answer: Select a
source
, ◉ What is the third contract life cycle phase?. Answer: Post award
phase
◉ What are the two primary elements of the post ward phase?.
Answer: Perform contract and Close Contract
◉ What is involved in the post award phase?. Answer: Involves all
the work performed by both the buyer and seller during contract
performance, to include changes to the contract, contract close out,
and sometimes termination of a contract.
◉ What happens during post award phase activity perform the
contract?. Answer: During this phase, we are monitoring risk in
assessing its impact on contract performance ensuring compliance
with one contractual terms and conditions and two contract
technical requirements during contract performance up to contract
close out or termination
◉ True or False: Both the buyer and seller must administer the
contract?. Answer: True
◉ What is an important focus during post-award contract
administration?. Answer: Quality of contract performance
