Level 1 Questions And Answers Verified 100% Correct!! 2026
Updated
1. Other than 3. Discuss the difference in Far Part 12
ade- quate commercial procurement's and
price com- non-commercial procurement s
petition,
describe at
least three
ways that a
price can be
deter- mined
to be
fair and
reason- able
when using
simplified
acqui- sition
procedures
2. Address the
im- portance
of ac-
quisition plan-
ning. What
are some
things that
you, as a Con-
tracting
Officer, can
do to assist
the customer
in acquisition
plan- ning?
1/
19
, Level 1 Questions And Answers Verified 100% Correct!! 2026
Updated
a. Market Research competition (far part 7.103)
b. Comparison to
previous purchases
c. Contracting Oflcer's
personal knowledge of
the item being purchased
d. Comparison to an
IGCE
Price analysis will normally
be used to determine the
reasonableness of total Under FAR part 12 procedures the KO has more flexibility. For example
evaluated price to support the KO can combine the synopsis and solicitation into a single
the selection of the lowest document, thus reducing time to solicit and award contracts. (FAR PART
price, technically accept- 12.603) Also Agencies may allow less than the 30-day response time
able Otteror. Although in for receipt of bids or proposals from the date of solicitation issuance
exceptional cases when which is required for non-commercial items (FAR PART 12.205)
the determination of fair
and reasonable price
requires additional
information, the PCO may
conduct analysis to
support the determination
of whether the proposed
price is fair and (FAR PART
13.106-3)
Agencies shall perform
acquisition planning and
conduct market research
for all acquisitions in order
to promote and provide for
--Acquisition of commercial
items and Full and open
2/
19
, Level 1 Questions And Answers Verified 100% Correct!! 2026
Updated
4. Discuss the ac- tions should you take as the Con-
steps That a tracting Officer in this instance?
contract- ing
officer can 7. Why is it impor- tant to fully doc-
take to help
min- imize a
protest
in a source
selec- tion
5. Describe the
Bona Fide
Need Rule.
Provide an
example
explain- ing its
applicabil- ity
to federal ac-
quisition
6. The COR has
re- ported to
you that the
contrac- tor
has failed
to deliver a
ser- vice per
the contract
require-
ments. What
3/
19
Updated
1. Other than 3. Discuss the difference in Far Part 12
ade- quate commercial procurement's and
price com- non-commercial procurement s
petition,
describe at
least three
ways that a
price can be
deter- mined
to be
fair and
reason- able
when using
simplified
acqui- sition
procedures
2. Address the
im- portance
of ac-
quisition plan-
ning. What
are some
things that
you, as a Con-
tracting
Officer, can
do to assist
the customer
in acquisition
plan- ning?
1/
19
, Level 1 Questions And Answers Verified 100% Correct!! 2026
Updated
a. Market Research competition (far part 7.103)
b. Comparison to
previous purchases
c. Contracting Oflcer's
personal knowledge of
the item being purchased
d. Comparison to an
IGCE
Price analysis will normally
be used to determine the
reasonableness of total Under FAR part 12 procedures the KO has more flexibility. For example
evaluated price to support the KO can combine the synopsis and solicitation into a single
the selection of the lowest document, thus reducing time to solicit and award contracts. (FAR PART
price, technically accept- 12.603) Also Agencies may allow less than the 30-day response time
able Otteror. Although in for receipt of bids or proposals from the date of solicitation issuance
exceptional cases when which is required for non-commercial items (FAR PART 12.205)
the determination of fair
and reasonable price
requires additional
information, the PCO may
conduct analysis to
support the determination
of whether the proposed
price is fair and (FAR PART
13.106-3)
Agencies shall perform
acquisition planning and
conduct market research
for all acquisitions in order
to promote and provide for
--Acquisition of commercial
items and Full and open
2/
19
, Level 1 Questions And Answers Verified 100% Correct!! 2026
Updated
4. Discuss the ac- tions should you take as the Con-
steps That a tracting Officer in this instance?
contract- ing
officer can 7. Why is it impor- tant to fully doc-
take to help
min- imize a
protest
in a source
selec- tion
5. Describe the
Bona Fide
Need Rule.
Provide an
example
explain- ing its
applicabil- ity
to federal ac-
quisition
6. The COR has
re- ported to
you that the
contrac- tor
has failed
to deliver a
ser- vice per
the contract
require-
ments. What
3/
19
