CFCM ACTUAL EXAM PAPER 2026 QUESTIONS
WITH ANSWERS GRADED A+
● Which of the following contract types is prohibited by the Federal
Acquisition Regulation for federal agencies and prime contractors?
Answer: cost-plus-a-percentage-of-cost
● The Contract Disputes statute covers Answer: claims by a contractor
against the Government.
● Performance-based contracts Answer: use measurable performance
standards and quality assurance surveillance plans.
● Options for increased quantities of supplies/services may NOT be
expressed in terms of Answer: a range of quantities for various line
items.
● Solicitations for commercial items shall require offerors to offer the
Government Answer: the same warranty terms offered to the general
public.
,● _______________ contracts are characterized by the employer-
employee relationship it creates between the Government and the
contractor's personnel. Answer: Personal services
● When the time of delivery or timely performance is so important that
the Government may reasonably expect to suffer damage if the delivery
or performance is delinquent; and the extent or amount of such damage
would be difficult or impossible to estimate accurately or prove, then
what type of assessment may occur? Answer: Liquidated damages
● Which response best describes a letter contract? Answer: Normally a
brief, written preliminary contractual instrument that authorizes a
contractor to begin performance immediately.
● What should the Contracting Officer describe in a performance work
statement for a performance-based acquisition,? Answer: The work in
terms of the required results.
● The government's preferred remedy when terminating a contract for a
commercial item for cause will be Answer: to acquire similar items
from another contractor and to charge the defaulted contractor with any
excess reprocurement costs.
● In terms of being a responsible government contractor, any prime
contractor that provides Government property to a subcontractor...
, Answer: is still responsible for the property in accordance with the terms
of the prime contract.
● Submitting an offer below anticipated costs and expecting to increase
the contract amount after award, is called: Answer: Buying-in
● In what FAR Part will you find rules and policy on foreign
acquisitions? Answer: Part 25
● Contractors' arrangements to pay contingent fees for soliciting or
obtaining Government contracts have long been considered contrary to
public policy because: Answer: Such arrangements may lead to
attempted or actual exercise of improper influence.
● A special form of written approval by an authorized official that is
required by statute or regulation as a prerequisite to taking certain
contract actions is called Answer: Determination and Findings
● When a mistake in a contractor's bid is not discovered until after
award, the mistake may be corrected by contract modification if...
Answer: correcting the mistake would be favorable to the Government
without changing the essential requirements of the specifications.
● These are limited exchanges between the Government and offerors,
that may occur when award without discussions is contemplated:
Answer: Clarifications
WITH ANSWERS GRADED A+
● Which of the following contract types is prohibited by the Federal
Acquisition Regulation for federal agencies and prime contractors?
Answer: cost-plus-a-percentage-of-cost
● The Contract Disputes statute covers Answer: claims by a contractor
against the Government.
● Performance-based contracts Answer: use measurable performance
standards and quality assurance surveillance plans.
● Options for increased quantities of supplies/services may NOT be
expressed in terms of Answer: a range of quantities for various line
items.
● Solicitations for commercial items shall require offerors to offer the
Government Answer: the same warranty terms offered to the general
public.
,● _______________ contracts are characterized by the employer-
employee relationship it creates between the Government and the
contractor's personnel. Answer: Personal services
● When the time of delivery or timely performance is so important that
the Government may reasonably expect to suffer damage if the delivery
or performance is delinquent; and the extent or amount of such damage
would be difficult or impossible to estimate accurately or prove, then
what type of assessment may occur? Answer: Liquidated damages
● Which response best describes a letter contract? Answer: Normally a
brief, written preliminary contractual instrument that authorizes a
contractor to begin performance immediately.
● What should the Contracting Officer describe in a performance work
statement for a performance-based acquisition,? Answer: The work in
terms of the required results.
● The government's preferred remedy when terminating a contract for a
commercial item for cause will be Answer: to acquire similar items
from another contractor and to charge the defaulted contractor with any
excess reprocurement costs.
● In terms of being a responsible government contractor, any prime
contractor that provides Government property to a subcontractor...
, Answer: is still responsible for the property in accordance with the terms
of the prime contract.
● Submitting an offer below anticipated costs and expecting to increase
the contract amount after award, is called: Answer: Buying-in
● In what FAR Part will you find rules and policy on foreign
acquisitions? Answer: Part 25
● Contractors' arrangements to pay contingent fees for soliciting or
obtaining Government contracts have long been considered contrary to
public policy because: Answer: Such arrangements may lead to
attempted or actual exercise of improper influence.
● A special form of written approval by an authorized official that is
required by statute or regulation as a prerequisite to taking certain
contract actions is called Answer: Determination and Findings
● When a mistake in a contractor's bid is not discovered until after
award, the mistake may be corrected by contract modification if...
Answer: correcting the mistake would be favorable to the Government
without changing the essential requirements of the specifications.
● These are limited exchanges between the Government and offerors,
that may occur when award without discussions is contemplated:
Answer: Clarifications
