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CON 3990 Exam FAR Master the Exam 2026/2027 | Complete Study Guide & Verified Answers

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CON 3990 Exam FAR Master the Exam 2026/2027 | Complete Study Guide & Verified Answers Description: Focused guide for CON 3990 FAR exam, including key FAR regulations, practice questions, and verified answers. Perfect for mastering contracting exams and scoring top marks.

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CON 3990 Exam FAR Master the Exam –
Comprehensive Study Guide with
Practice Questions and Verified Answers

FAR Part 1 -answer ✅✅✅Federal Acquisition Regulation System

FAR Part 2 -answer ✅✅✅Definitions of Words and Terms

FAR Part 3 -answer ✅✅✅Improper Business Practices & Personal Conflicts of Interest

FAR Part 4 -answer ✅✅✅Administrative Matters

FAR Part 5 -answer ✅✅✅Publicizing Contract Actions

FAR Part 6 -answer ✅✅✅Competitive Requirements

FAR Part 7 -answer ✅✅✅Acquisition Planning

FAR Part 8 -answer ✅✅✅Required Sources of Supplies and Service

FAR Part 10 -answer ✅✅✅Market Research

FAR Part 12 -answer ✅✅✅Acquisition of Commercial Items

FAR Part 13 -answer ✅✅✅Simplified Acquisition Procedures (SAP)

FAR Part 15 -answer ✅✅✅Contract by Negotiation

FAR Part 16 -answer ✅✅✅Types of Contracts

FAR Part 19 -answer ✅✅✅Small Business Programs

FAR Part 31 -answer ✅✅✅Contract Cost Principles & Procedures

FAR Part 33 -answer ✅✅✅Protests, Disputes, and Appeals

FAR Part 42 -answer ✅✅✅Contract Administration & Audit Services

,FAR Part 44 -answer ✅✅✅Subcontracting Policies & Procedures

FAR Part 46 -answer ✅✅✅Quality Assurance

FAR Part 49 -answer ✅✅✅Termination of Contracts

FAR Part 50 -answer ✅✅✅Extraordinary contractual actions and safety act

FAR Part 51 -answer ✅✅✅Use of Government Sources by Contractors

FAR Part 52 -answer ✅✅✅Solicitation Provisions and Contract Clauses

FAR Part 53 -answer ✅✅✅FORMS

Contracting Life Cycle Phases -answer ✅✅✅1. Pre-Award
2. Award
3. Post Award

Communication and Decision Making Bias -answer ✅✅✅1. Minimize influence of
Personal biases
2. Maximize the likelihood of a successful result.
3. Facilitate communication among affected parties.

Minimize the Effect of Personal Biases -answer ✅✅✅The contracting professional
should strive to minimize the influence of personal biases.

Maximize the likelihood of Successful Results -answer ✅✅✅1. AR 1.102-4(e) states
that contracting officers "should take the lead in encouraging business process
innovations and ensuring that business decisions are sound."

Facilitate Communications Among Affected Parties -answer ✅✅✅1. Effective
communication minimizes the effect of personal biases, maximizes the likelihood of
successful results, and facilitates communications among affected stakeholders.

Cost, quality and timeliness of products and services -answer ✅✅✅1. FAR 1.102-2(a)
tells contracting professionals that a guiding principle is to satisfy customers in terms of
cost, quality, and timeliness of the delivered product or service.

Contracting Officer Representative (COR) -answer ✅✅✅1. FAR 1.602-2(d)(7) states
that contracting officers shall designate CORs in writing and furnish copies to the
contractor and the contract administration office

,Standards of conduct -answer ✅✅✅1. FAR 3.101-1 tells us Government business
shall be conducted in a manner above reproach and, except as authorized by statute or
regulation, with complete impartiality and with preferential treatment for none.

Methods of disseminating information -answer ✅✅✅1. For proposed contract actions
expected to exceed $25,000, by synopsizing in theGovernment-wide Point of Entry
(GPE).For proposed contract actions expected to exceed $15,000, but not expected to
exceed$25,000. by displaying in a public place.

Justification and Approval (J&A) -answer ✅✅✅2.FAR 6.303-1(a) states a contracting
officer shall not commence negotiations for a sole source contract,commence
negotiations for a contract resulting from an unsolicited proposal, or award any
othercontract without providing for full and open competition unless the contracting
officer-
I. Justifies, if required in FAR 6.302, the use of such actions in writing;
II. Certifies the accuracy and completeness of the justification;
III. (and) Obtains the approval required by FAR 6.304.

Post award orientation: -answer ✅✅✅1. FAR 42.501(a) states a post award orientation
aids both Government and contractor personnel to (1) achieve a clear and mutual
understanding of all contract requirements, and (2) identify and resolve potential
problems. However, it is not a substitute for the contractor's fully understanding the work
requirements at the time offers are submitted, nor is it to be used to alter the final
agreement arrived at in any negotiations leading to contract award.

Standards of Conduct: -answer ✅✅✅1. (FAR 3.101-1). Transactions relating to the
expenditure of public funds require the highest degree of public trust and an impeccable
standard of conduct. The general rule is to avoid strictly any conflict of interest, or even
the appearance of a conflict of interest in government-contractor relationships.

Solicitation and Acceptance of Gratuities by Government Personnel -answer ✅✅✅The
overarching rule on accepting gifts from contractor/employees is at (FAR 3.101-2). You
may not solicit gifts from anyone, for any reason. This means for yourself or for others.
Federal employees are prohibited from soliciting or accepting gifts.

Disclosures -answer ✅✅✅No person or other entity may disclose contractor bid or
proposal information or source selection information to any person other than a person
authorized, in accordance with applicable agency regulations or procedures, by the
agency head or the contracting officer.

Contracts with Government Employees: -answer ✅✅✅A contracting officer shall not
knowingly award a contract to a Government employee or to a business concern or
other organization owned or substantially owned or controlled by one or more
Government employees (FAR 3.601).

, Personal Conflicts of interest: -answer ✅✅✅FAR part 3 covers polices and procedures
related to avoiding improper business practices and personal conflicts of interest. A
"personal conflict of interest" is a situation where an individual is employed by a defense
contractor company and is in a position to materially influence DOD's recommendations
and/or decisions and, because of his/her personal activities, relationships, or financial
interests, may lack or appear to lack objectivity, or appear to be unduly influenced by
personal financial interest.

Organizational Conflicts of interest: -answer ✅✅✅An OCI is the existence of a set of
circumstances in which a contractor may be unable to render impartial advice to the
government, or might have impaired objectivity in performing contracted work, or may
obtain an unfair competitive advantage in the marketplace when competing for
government work where that unfair advantage is obtained performing a government
contract.

There are three broad categories of Organizational Conflicts of interest OCI: -answer
✅✅✅1. Unequal Access
2. Impaired Objectivity
3. Biased Ground Rules

Three basic approaches available to contractors and the Agency for dealing with OCI
issues, as follows: -answer ✅✅✅1. Avoid - Prevent the occurrence of an actual or
potential OCI through actions such as excluding sources from competition or eliminating
a segment of work from a contract or task.
2. Neutralize - Negate, through a specific action, potential or actual OCI related to either
a contractor's objectivity during contract performance, or unfair competitive advantage.
Specific actions could include encouraging and facilitating support contractor recusal,
excluding or severely limiting support contractor participation in source selection
activities, and/or otherwise barring access to competition sensitive data.
3. Mitigate - Reduce or alleviate the impact of unavoidable OCIs to an acceptable level
of risk so that the government's interests with regard to fair competition and contract
performance are not prejudiced. This is facilitated in developing an OCI mitigation plan
(DFARS 209.571-4).

Contractor Code of Business Ethics and Conduct: -answer ✅✅✅1. Per FAR 3.1002,
Government contractors must conduct themselves with the highest degree of integrity
and honesty. Contractors should have a written code of business ethics and conduct.

Facilities and Capital Cost of Money Form -answer ✅✅✅DD1861

Weighted Guidelines Form -answer ✅✅✅DD FORM 1547

Abstract of Offers Form -answer ✅✅✅SF1409

On the spot/over the counter Form -answer ✅✅✅SF 44

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