CFCM Week 7 Questions

CFCM Week 7 Questions If a contractor is infringing a copyright with the consent of the government: ️the copyright holder may sue the government for monetary damages Does a $75,000 claim resulting from a reduction of $350,000 and an increase of $275,000 require certification? ️Yes, the aggregate value of the claim exceeds $100,000 Protests may be filed with ______________________. ️either the agency or the General Accountability Office Who can authorize continued performance in the face of a protest after award? ️The head of the contracting activity. A ___________________ is required only when a performance bond is required and it is determined to be in the government's best interest to use them. ️payment bond True or False? The government encourages the maximum practical commercial use of inventions made ️True The government will refuse to award a contract on grounds that the prospective contractor may infringe a patent ️False True or False? The government should be indemnified against infringement of US patents. ️True True or False? The government requires contractors obtain permission from copyright owners before including privately-owned work to be delivered under contract.. ️True What bond secures fulfillment of the Contractor's obligations under a patent provision? ️Patent infringement bond A _____ is a written objection by an interested party to any of the following: a solicitation or other request by an agency for offers; cancellation of a solicitation or other request; an award or proposed award of a contract; or a termination or cancellation of an award of a contract as long as the written objection contains an allegation that the termination or cancellation is based in whole or in part on improprieties concerning the award of the contract. ️Protest Which bond type secured performance and fulfillment of the contractor's obligation under a contract? ️Performance bond The Bonds statute requires performance and payment bonds for any construction contract valued in excess of _________? ️$150,000 A ____________ ensures payment as required by law to all persons supplying labor or material in the prosecution of the work provided for in the contract. ️Payment bond What are types of surety? ️Co-Surety, Corporate, Individual Claims in excess of $100,000, or regardless of the amount claimed when using arbitration pursuant to 5 U.S.C. 575-580 or any other alternate dispute resolution (ADR) technique, must be accompanied by a certification that states ___________________, supporting data are accurate and complete to the best of the contractor's knowledge and belief, and the amount requested accurately reflects the contract adjustment for which the contractor believes the government is liable. ️The claim is made in good faith A ___________ means a form of security assuring that the bidder will not withdraw a bid within the period specified for acceptance and will execute a written contract and furnish required bonds within the allotted time following award. ️bid guarantee Within _____ work day(s) of filing a protest with the GAO, a copy must be provided to the contracting officer. ️1 Rights of the government to use, disclose, reproduce, prepare derivative works, distribute copies to the public, and perform publicly and display publicly, in any manner and for any purpose, and to have or permit others to do so. ️Unlimited rights Regarding disputes, the government's policy is to try to resolve all contractual issues in controversy by mutual agreement at the: ️Contracting Officer's level What are acceptable forms of security? ️Certified cashier's checks, U.S. bonds or notes, Cash Is Credit Card an acceptable form of security? ️No When there is a contract dispute, the __________ __________ ________ refers to any procedure or combination of procedures voluntarily used to resolve issues in controversy. These procedures include, but are not limited to, conciliation, facilitation, mediation, fact finding, mini trials, arbitration, and use of ombudsmen. ️Alternative Dispute Resolution