PROCEDURES EXAM WITH QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
LATEST UPDATE 2025.
You are the contracting officer for a requirement for a commercial product with
an estimated value of $6,200. None of the exceptions in FAR 5.202 apply. Which
one of the following correctly describes the requirement for publicizing this
proposed contract action? - Answer-There is no requirement to publicize this
action.
You have a requirement for administrative support with an estimated value of
$1,500,000. Market research shows there are numerous potential offerors that
are competitive in terms of market prices, quality and delivery. The list of
potential offerors includes 4 small businesses and 8 large businesses. Which one
of the following statements is correct? - Answer-The entire acquisition must be
set aside exclusively for small business.
Which one of the following statements is true regarding the policies for the use of
simplified acquisition procedures (SAP)? - Answer-NOT The purpose of SAP is to
improve opportunities for small businesses to obtain a fair portion of
****CORRECT purchases shall be made in the simplified manner that is most
suitable to the circumstances of the acquisition
, NOT he purpose of SAP is to improve opportunities for small businesses to obtain
a fair portion of Government contracts
You are the contracting officer for a commercial services contract that contains
options. You send the preliminary notice of your intent to extend the contract
two days after the deadline outlined in the options clause. Which one of the
following statements is correct? - Answer-the option can only be exercised using a
bilateral modification.
You have a requirement for an individual purchase for supplies with an estimated
value of 5,875. The supplies are not immediately available. Which one of the
following simplified acquistion methods would be the most appropriate to use? -
Answer-Governmentwide commercial purchase card
you are the contracting officer for a noncommercial bilateral purchase order for
suppplies valued at 155,600. which one of the following actions would be
executed using a unilateral modification? - Answer-NOT Recognizing an
agreement to modify the schedule
NOT Issuing a termination notice
You are the contracting officer for a noncommercial supply contract valued at
$155,600. Which one of the following actions would be executed using a bilateral
modification? - Answer-Making a negotiated equitable adjustment