CON 127 Contract Management, Exam B Questions and Answers 100% Correct

1. What type of contract termination applies when there is no other alternative for obtaining performance under the contract? a. No-cost cancellation b. Convenience c. Cause or default d. Unilateral 2. ____________ is required for changes to or the addition of contract financing after award a. Recommendation from DCMA b. Additional competition c. Adequate new consideration d. A sole source determination 3. Which individual prepares the Government’s position on the claim? a. Delegated government official b. The contractor c. The contracting officer d. Delegated contracting committee member 4. Which of the following types of modifications may be used to terminate a contract? a. Termination b. Definitive c. Unilateral d. Supplemental 5. You are the contracting officer on a service contract for refuse collection. Your contract contains a base year with three option years. You are nearing the end of the base year and are considering the exercise of the first year option year. You have determined the Government’s need still exits and you completed market research which indicates the pricing for the option is consistent with that found in the applicable marketplace. The contractor’s performance has been satisfactory and funding appears to be available for the next FY. What would be another issue to consider before exercising the option? a. Has the contractor’s number of employees increased or decreased? b. Are the prices for the second option year significantly higher ow lower than those of the first? c. Will you need to obtain a new wage determination? d. Will you need to review the source selection decision document? 6. Modifications of letter contracts are subject to the same policies and procedures as modification so ______. a. Permanent contracts b. Transition contra